Every year, Filipinos working overseas send $35 billion back home — and a growing share of those transfers are being executed using stablecoins. The blockchain technology promises to make cross-border payments cheaper and nearly instantaneous, offering an alternative to traditional remittance channels. But even though the opportunity could be huge, stablecoins remain a tiny part of the global payments system today. With the GENIUS Act set to take effect and banks eyeing the space, the race to scale is just getting started.