The Philippine central bank has approved a peso-pegged stablecoin called PHPC for faster remittances. Issued by Coins.ph, it's the first retail stablecoin for Philippine pesos with 24/7 transactions. Backed by cash in Philippine banks, it aims to attract 20K-30K users in the first month. The digital currency exchange Coins.ph has received approval from the central bank to conduct a pilot program for the stablecoin.
PHILIPPINE CENTRAL BANK APPROVES PILOT FOR PESO-BACKED STABLECOIN - @coinsph, a digital currency exchange, received approval from the Bangko Sentral ng Pilipinas (BSP) to pilot a Philippine Peso-backed stablecoin, $PHPC, under the central bank's regulatory sandbox framework. -ā¦ https://t.co/iw8YfhpzMq
šļø Crypto News https://t.co/kxhhRL7u9J, a digital currency exchange based in the Philippines, has received approval from the country's central bank to conduct a pilot program for its Philippine Peso-backed stablecoin. š https://t.co/2eJNvnt3ax #CryptoNews
š£ Latest News: Philippine Peso-Backed Stablecoin, PHPC, Granted Approval for Pilot by Central Bank #news #cryptonews #crypto #stablecoins
Philippines' central bank has given its approval to digital currency exchange https://t.co/c9bCM4DuBm to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week. By @amitoj. https://t.co/lPhjDDXmYC
NEW: Philippines approves PHPC, a peso-pegged stablecoin for faster remittances. Issued by Coins .ph, it's the first retail stablecoin for Philippine pesos with 24/7 transactions. Backed by cash in Philippine banks, it aims to attract 20K-30K users in the first month. https://t.co/ACLYc7dnuD
#Philippine Central Bank Approves Peso-Pegged #Stablecoin for Faster Remittances #NewsBytes https://t.co/xaQywpFBlK