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Philippine banks cooperate to launch PHPX stablecoin on Hedera

Philippine banks are collaborating to create a peso-backed stablecoin, PHPX, aimed at improving cross-border transfers and financial inclusion. The PHPX token is scheduled to be launched between May and July. The PHPX stablecoin, developed by Singaporean startup Just Finance, will be launched on the Hedera decentralized ledger technology (DLT) network. According to the Ledger Insights report, participating Philippine banks include Union Bank of the Philippines, Rizal Commercial Bank, Cantillan B...

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2025-01-10 09:27:50
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