Philippines Central Bank Approves Trials for National Stablecoin Tied to Local Peso
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
The primary objective of pegging the stablecoin to the local currency is to facilitate a seamless transition between PHPC and physical fiat currencies.
#Peso #Philippines #stablecoin
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
The primary objective of pegging the stablecoin to the local currency is to facilitate a seamless transition between PHPC and physical fiat currencies.
#Peso #Philippines #stablecoin