Philippines’ central bank greenlights pilot for Peso-backed stablecoin

Charles Thuo

BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins.ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals by central bank. The digital currencies landscape in the Philippines is set for a major shift after the country’s central […]

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Philippines’ central bank greenlights pilot for Peso-backed stablecoin