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May 9, 2024 · By Currie Cator | 4 days ago. The Philippines will soon see its first-ever stablecoin after the Bangko Sentral ng Pilipinas (BSP) gave the green light to cryptocurrency exchange Coins.ph to issue the token, which will be called PHPC. Stablecoins are a type of cryptocurrency designed to have a stable value.
May 9, 2024 · Among the most known stablecoins are $USDT and $USDC, which are pegged to the U.S. dollar. In this case, $PHPC will be pegged to the Philippine peso and will be fully backed by cash and cash equivalents stored in Philippine bank accounts, as explained by Coins.ph.
May 8, 2024 · Digital asset provider Coins.ph said on Wednesday it has secured the approval of the Bangko Sentral ng Pilipinas (BSP) to issue Philippine peso-backed stablecoin PHPC, which it plans to make available on its platform by early June.
May 15, 2024 · Wed, May 15, 2024, 4:47 AM 1 min read. Philippine Peso-Backed Stablecoin, PHPC, Granted Approval for Pilot by Central Bank. Coins.ph, a digital currency exchange based in the Philippines,...
May 14, 2024 · Philippines’ central bank, under a sandbox, has given its approval to Coins.ph to pilot a Philippine Peso-backed stablecoin. The pilot will assess the benefits of the stablecoin in...
May 10, 2024 · By: Dale Arasa - @inquirerdotnet. INQUIRER.net / 08:52 AM May 10, 2024. The Bangko Sentral ng Pilipinas approved the pilot version of the Philippine Peso-backed stablecoin PHPC. It follows the BSP ...
May 14, 2024 · While Coins.ph’s recent announcement of launching a PHP (peso) stablecoin is not the first of its kind that was announced through the years, it was the first one to check all the boxes that therefore warranted extended conversations: It is announced by Coins.ph, arguably the most prominent crypto brand in the Philippines.
