"Coins.ph, a digital asset exchange in the Philippines, has obtained approval from the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to introduce PHPC, a Philippine peso-pegged stablecoin. This milestone marks a significant development in the digital asset landscape, offering Filipinos a secure and stable digital currency for various financial transactions."

Philippines’ first retail peso-backed stablecoin to be available in June
10 MAY 2024
Jun Bolivar
https://coingeek.com/philippines-first-retail-peso-backed-stablecoin-to-be-available-in-june/