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Coinpedia 2024-05-14 10:49:35

Philippines’ Central Bank Sanctions Stablecoin Pilot by Coins.ph

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 …

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