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UnionBank to Launch Peso Stablecoin Called PHX

2019-05-14

(Update) The Bangko Sentral ng Pilipinas (BSP) approved UnionBank as the first commercial bank that will issue bank-backed Peso blockchain-based token.

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About BitPinas

BitPinas is a news website that portrays the most accurate coverage and representation of crypto, blockchain, play-to-earn, and NFT news and updates in the Philippines since 2017.

At BitPinas, we strive to share correct and positive information about blockchain/crypto space and the people that work tirelessly to build the reputation of the industry. We don’t want Filipinos to be victims of fraud or financial crime of any sort.