Philippines' Largest Digital Wallet GCash Adds USDC Support GCash, the largest digital wallet in the Philippines, has announced support for stablecoins via USDC. Publicly available data shows that GCash, which is similar to China's Alipay or WeChat Pay, does over $65 billion (3.8 trillion Philippine Pesos) in annual transaction volume. Filipino remittances reached a record $38.3 billion in 2024, and account for approximately 8%-10% of the country's GDP. Alipay owner-Ant Group, Ayala Corporation and Manilla-based Globe Telecom's 917Ventures own GCash operator Mynt. GCash offers crypto services via its GCrypto subsidiary, which has partnered with locally licensed crypto exchange PDAX. In total GCrypto offers 39 different assets to trade on its platform, including Paypal's PYUSD stablecoin. Stablecoin-based transfers are growing as a share of the market but remain relatively small, with less than 5% of all inbound remittances using crypto rails. Recently, Bloomberg reported that GCash could seek an IPO valuation of at least $8 billion by the end of 2025. The company, reportedly, is in no rush to go public as it recently completed a funding round that raised its valuation to $5 billion, giving it enough capital and flexibility to wait for favorable market conditions. #USDC
Binance Coin (BNB) Price Prediction: Key Insights and Market Analysis **Current Market Overview** As of today, Binance Coin (BNB) is trading at **$620.41**, reflecting a slight decline of **0.67%** over the past 24 hours. However, the coin has shown resilience over the past week, recording a **4.51% increase** in its price. According to **CoinStats**, the market is experiencing a modest upward trend as the week comes to a close. ## Short-Term Price Analysis* On the **hourly chart**, BNB's price is hovering closer to the **support level** than the resistance. This suggests that if selling pressure persists, there is a possibility of a downward breakout. In such a scenario, the price could drop to the **$615 mark**, according to **TradingView**. --- ## **Mid-Term Price Outlook** From a broader perspective, traders should keep a close eye on the **$643.72 level**. As long as this resistance remains unbroken, BNB could face a potential decline toward the **$600 zone**. This trend is expected to remain relevant until the end of the following week, as highlighted by **TradingView**. --- ## **Long-Term Market Sentiment** In the midterm, neither bulls nor bears have established clear dominance. This balance indicates that the market is unlikely to experience significant or sharp price movements in the near future. Traders should prepare for a period of consolidation, with BNB's price potentially fluctuating within a defined range. --- ## Key Takeaways for Traders** 1. **Support and Resistance Levels**: Monitor the $615 support and $643.72 resistance for potential breakouts. 2. **Market Sentiment**: The current balance between buyers and sellers suggests a period of stability. 3. **Trading Strategy**: Consider short-term opportunities around key levels while remaining cautious of sudden shifts in market dynamics. By staying informed and analyzing these valuable insights, traders can make well-informed decisions in the ever-evolving cryptocurrency market. --- *Data and insights from *CoinStats*and *TradingView*