JUST Finance partners with several banks to launch Philippine peso stablecoin PHPX
2024-11-17 02:29:41
Web3 finance technology companies just finance announced multiple local local banksdesk3cryptocurrencydesktopCrypto News
Web3 fintech company JUST Finance announced the launch of PHPX, a bank-backed stablecoin in the Philippine peso, in partnership with several local banks, including United Bank of the Philippines (UBX), Rizal Commercial Bank (RCBC), Cantilan Bank, Rural Bank of Guinobatan, and other commercial and rural banks. PHPX will be backed by a consortium of regulated banks and asset managers, ensuring financial backing and real-time audits, and will only be distributed through licensed banks to meet strict compliance and ethical standards.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
JUST Finance联合多家银行推出菲律宾比索稳定币PHPX
