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PDAX Partners with Toku to Enable Stablecoin Payroll for Filipino Workers

Philippines-based crypto exchange PDAX teams up with global payroll provider Toku to allow local workers to receive salaries in stablecoins.

Summary

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to a reserve asset such as the US dollar.
  • PDAX: Philippine Digital Asset Exchange, a regulated cryptocurrency trading platform in the Philippines.
  • Payroll Service: A service that handles salary payments, tax withholdings, and related processes for employees.