Coins.ph Teams Up with Circle’s Arc Testnet to Expand PHPC Stablecoin Utility
Joining in the testnet will allow it to explore how its Philippine Peso-pegged stablecoin can be deployed across the network, according to Coins.ph.
Joining in the testnet will allow it to explore how its Philippine Peso-pegged stablecoin can be deployed across the network, according to Coins.ph.
In his address, titled “Leveraging Stablecoin Technology for Fast, Affordable Money Transfers,” Wei Zhou emphasized how stablecoins are increasingly being adopted worldwide for cross-border payments.
PHPC stablecoin exits the BSP sandbox as Coins.ph prepares to utilize it to scale remittances and digital transfers across borders.
For Coins.ph users, this means faster and cheaper remittances, easier access to Philippine Peso stablecoin for trading.
The liquidity pool for the pair PHPC/PIXEL, WETH, USDC, and SLP are also live.
This marks the first time that the Philippine Peso (via its stablecoin counterpart) is listed in an international crypto platform.
Coins.ph said this the first Philippine stablecoin available for retail customers to trade and use in various transactions.