BSP CBDC Digital Currency Initiative Scheduled for Q4 2022
The BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.
BSP To Pilot CBDC for Wholesale Transactions
The initiative is part of its aim to promote the stability of the country’s payment system.
UnionBank to Launch Peso Stablecoin Called PHX
(Update) The Bangko Sentral ng Pilipinas (BSP) approved UnionBank as the first commercial bank that will issue bank-backed Peso blockchain-based token.
Bitspark CEO Explains the Importance of Peso Stablecoin (and Stablecoins in General)
Bitspark said they see this as a way forward to introduce stablecoins without the need for understanding blockchains directly.