Oddbean new post about login | logout 🇵🇭Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market. https://www.coindesk.com/resizer/eZ8ukfzQCemXwbLXfuIy3Bikj0o=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7PTSDF4GUFFEDAPTA5EGMJHHJY.jpg
The stablecoin, called PHPC, will be pegged 1:1 to the Philippine peso and will be integrated into remittance platforms in countries with significant remittance flows to the Philippines. The pilot program will be conducted under the BSP's Regulatory Sandbox Framework and will assess the benefits of the stablecoin in real-world applications while monitoring its impact on the existing financial ecosystem
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