![Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances](https://static.news.bitcoin.com/wp-content/uploads/2024/05/25_news_bytes-1024x576-1-768x432.jpg)
The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract 20,000 to 30,000 users in the first month. The PHPC will be the first peso-backed stablecoin available for retail use, […]
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