Must Read
‘All sectors are vulnerable,’ says the Philippines' defense chief‘All sectors are vulnerable,’ says the Philippines' defense chief
China’s espionage network in PH ‘worrisome,’ says Teodoro
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
MANILA, Philippines – Philippine Defense Secretary Gilberto Teodoro Jr. admitted on Tuesday, March 17, that Beijing’s espionage network in the country is “worrisome,” even as government officials continue probing its full reach.
“It is worrisome, and that’s why we take it seriously. Let’s put it that way. And I’m very happy over the efforts to pinpoint these networks…. Nonetheless, we need to be able to solve not only the disruption of these networks but [also] the legal processing of this,” Teodoro said in a chance interview.
In a three-part investigative series, Rappler detailed how young Filipinos — two defense researchers and one person who had close ties with the Philippine Coast Guard in Palawan — had, for over a period of two years, provided sensitive information about the country’s defense and security plans to handlers who Philippine security officials have since identified as Chinese.
The National Security Council, of which Teodoro is a part, confirmed Rappler’s report and said that the network of the three had been determined and closed. The NSC also called for a long-overdue update to the country’s anti-espionage and foreign agents registration laws.
Teodoro on Tuesday echoed those calls. “We hope these espionage laws will be consolidated and enacted as soon as possible,” he added.
The three Filipinos are under government custody, but Philippine officials have remained vague about whether they would face charges under Commonwealth-era espionage laws.
Teodoro warned that targets of these espionage efforts go beyond the usual security and defense agencies, since “all sectors are vulnerable.”
“The key here for them is to infiltrate our society or enter our digital infrastructure network,” he added.
All three — plus a Navy officer who said no to recruitment efforts — were traced through the government’s “Insider Threat Program.” Officials continue to pinpoint sources of information leaks or espionage, including government personnel or those close to them who may be coerced or enticed into sharing sensitive information with foreign nationals, including the Chinese. – Rappler.com
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
TransFi Secures Pivotal $19.2M Funding to Revolutionize Global Stablecoin Payments
BitcoinWorld TransFi Secures Pivotal $19.2M Funding to Revolutionize Global Stablecoin Payments In a significant move for the digital payments sector, stablecoin
Share
bitcoinworld2026/03/18 11:50
U.S SEC issues first-ever definitions for what crypto assets are securities
The post U.S SEC issues first-ever definitions for what crypto assets are securities appeared on BitcoinEthereumNews.com. For the first time, the U.S Securities
Share
BitcoinEthereumNews2026/03/18 12:24
Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users
Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network.
This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17.
USDY Joins the Stellar Ecosystem
Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries.
This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments.
Combining Yield with Payments Infrastructure
“Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance.
“Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation.
Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications.
Unlocking Institutional and Retail Use Cases
USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users.
The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static.
A Milestone for Tokenized Treasuries
With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology.
As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
Share
CryptoNews2025/09/18 00:46
