Quick Take: List of PH Banks that will Launch PHPX Stablecoin on Hedera Network
PHPX aims to enhance cross-border payments, especially for remittances, while supporting stablecoin interoperability
PHPX aims to enhance cross-border payments, especially for remittances, while supporting stablecoin interoperability
The initiative aims to offer easier and cheaper cross-border payments and foreign exchange transactions using stablecoins such as USDC.
Injective launched Agoraโs AUSD, its first native stablecoin, fully collateralized and backed by VanEck.
Mento Labs said $PUSO can open more web3 opportunities to more Filipinos; builders are encouraged to utilize the stablecoin by creating projects tied to potential use cases.
For Coins.ph users, this means faster and cheaper remittances, easier access to Philippine Peso stablecoin for trading.
$PUSO is a community-led decentralized stablecoin pegged to the Philippine Peso on the Celo blockchain.
While there were previous peso stablecoin initiatives through the years, the Coins.ph announcement raise the conversation about it at a higher level.
Coins.ph said this the first Philippine stablecoin available for retail customers to trade and use in various transactions.
Coins.ph and Tether are going to launch co-campaigns for blockchain and stablecoin education in the country.
Ripple announces the launch of its stablecoin, backed by the U.S. dollar, aiming to meet the growing demand for reliable digital assets.