Event Recap: Celo PH DAO Introduces $PUSO Stablecoin in the Philippines
Celo Philippines DAO, Celo Foundation, and Mento Labs hosted an event to discuss the integration of stablecoins, focusing on the decentralized stablecoin $PUSO, which is pegged to the Philippine Peso.
What’s the significance: The event, as well as the IRL introduction of the $PUSO stablecoin is a key step in Celo’s push for decentralized financial solutions in the country, which could drive greater adoption of blockchain technology and Web3 among Filipinos.
Key details:
- On November 16, 2024, the Celo Philippines DAO, Celo Foundation, and Mento Labs hosted an event at Tartufo Ristorante in BGC, Taguig.
- Local industry leaders gathered to discuss the applications of stablecoins, particularly focusing on $PUSO.
- The event aimed to explore the future of the on-chain Filipino Peso and to drive further blockchain adoption in the country.
Below is the coverage on the date of the event:
Unlocking Real-World Stablecoin Applications in the Philippines
Unlocking Real-World Stablecoin Applications was a meet up organized by the Celo Philippines DAO, Celo Foundation, and Mento Labs. The event is attended by various #CryptoPH individuals and projects including PDAX, Yield Guild Games, Maya Crypto, and Web3 Bulacan.
Celo Foundation Director Eric Nakagawa discussed Celo to attendees and pledged their support to the Celo Philippines DAO for blockchain adoption in the country:
Mento Labs CEO Markus Franke presented $PUSO, a decentralized stablecoin pegged to the Philippine peso. $PUSO is available on Mento Labs’ digital assets solution platform.
“PUSO brings together many features of Celo,” Franke said.
Check out the coverage here: https://x.com/bitpinas/status/1857644568390545737
Worth reading: Last month, the Celo Philippines DAO officially launched $PUSO available on the Mento Platform and wallets like Valora and MetaMask.
- This launch aims to provide Filipinos with greater access to Web3 opportunities, offering use cases in payments, lending, remittances, and trading, while promoting financial inclusion and the expansion of decentralized local currencies.
This article is published on BitPinas: Event Recap: Celo PH DAO Introduces $PUSO Stablecoin in the Philippines
What else is happening in Crypto Philippines and beyond?
