The Bangko Sentral ng Pilipinas (BSP) greenlights a controlled trial for PHPC, a 1:1 pegged stablecoin to the local peso. In collaboration with Coins.ph, the crypto wallet provider, the pilot operates within BSP’s Regulatory Sandbox Framework. Coins.ph will uphold cash reserves equivalent to PHPC’s circulation. Results will determine its transition from sandbox to real-world usage, subject to final approvals.
Philippines begins Peso-backed stablecoin sandbox testing
