May 15, 2019 Updated
The Bangko Sentral ng Pilipinas (BSP) approved UnionBank as the first commercial bank that will issue bank-backed Peso blockchain-based token.
May 14, 2019 Updated
Bitspark said they see this as a way forward to introduce stablecoins without the need for understanding blockchains directly.
April 25, 2019 Updated
BitSpark, a "bankless money transfer" service is reportedly going to launch a Philippine Peso or PHP-backed stable coin called peg.PHP.