Coins.Ph to launch first Philippine Stablecoin approved by BSP

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PHPC, the first Stablecoin of the Philippines

PHPC, a proposed stablecoin by Coins.ph, has received approval from the Bangko Sentral ng Pilipinas (BSP) to take an initiative efforts for the improvement and brings financial innovation further from the world of digitalization. The BSP’s endorsement signifies a significant step toward integrating digital currencies into the Philippine financial ecosystem. This stablecoin is pegged to the Philippine Peso at a 1:1 ratio, similar to USDT and USDC. By maintaining a fixed exchange rate with the Philippine Peso, PHPC aims to provide stability and facilitate seamless transactions.

The PHPC stablecoin will operate on the DeFi network, providing more secure and efficient transactions compared to traditional financial models. Built on decentralized finance (DeFi) principles, PHPC leverages blockchain technology to enhance transparency, reduce intermediaries, and ensure trust in transactions. Coins.ph’s innovative initiative with PHPC aims to centralize and shape the Philippine financial landscape. Through PHPC, Coins.ph envisions a future where digital assets play a pivotal role in driving financial inclusion and economic empowerment.”

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