According to Golden Finance, Circle co-founder Jeremy Allaire announced on the X platform that Philippine digital currency application GCash announced that its mobile wallet supports USD stablecoin USDC, allowing users to receive, purchase, hold or trade USDC. It is reported that GCash is currently preparing for an IPO, intending to raise $1 billion to $1.5 billion. In addition to payment, the application is also building its financial product suite.