Philippines’ central bank greenlights pilot for Peso-backed stablecoin

BSP approves pilot for PHPC, a Peso-backed stablecoin, in collaboration with Coins.ph. Sandbox testing to evaluate PHPC’s real-world performance and impact on local fiat ecosystem. Transition to real-world usage subject to final evaluations and approvals by central bank. The digital currencies landscape in the Philippines is set for a major shift after the country’s central […] source: https://coinjournal.net/news/philippines-central-bank-greenlights-pilot-for-peso-backed-stablecoin/