The Central Bank of the Philippines has approved a peso-pegged stablecoin, PHPC.
2024-05-13 01:29:16
The Central Bank of the Philippines has approved a Philippine peso-pegged stablecoin, PHPC, designed to facilitate cost-effective remittances, backed by cash and equivalents from Philippine banks, initially to be rolled out on Coins.ph platforms with plans to expand to other platformsPHPC will be the first peso-backed stablecoin available for retail, offering real-time transactions 24/7.
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