The post Philippines’ Central Bank Sanctions Stablecoin Pilot by Coins.ph appeared first on Coinpedia Fintech News
The Philippines’ Central Bank has approved the digital currency exchange Coins.ph to pilot a Philippine Peso-backed stablecoin, PHPC. The pilot will assess the stablecoin’s benefits in real-world applications and monitor its impact on the existing financial ecosystem. The program is part of the BSP’s Regulatory Sandbox Framework, supported by Coins.ph’s cash and equivalents held in …