Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances

The Bangko Sentral ng Pilipinas, the central financial institution of the Philippines, has accepted PHPC, a stablecoin pegged to the Philippine peso, geared toward facilitating cost-effective remittances. Crypto alternate Cash.ph, the stablecoin issuer, plans to draw 20,000 to 30,000 customers within the first month. The PHPC would be the first peso-backed stablecoin accessible for retail use, […]



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