CryptoMediaClub
Sunday, June 22, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Philippines Test National Stablecoin

14.05.2024
A A
0
122
VIEWS
ShareShare

Bangko Sentral ng Pilipinas (BSP) is launching a pilot test of a stablecoin backed by the Philippine peso. The initiative will test the asset’s performance and its use in payments, commerce, and DeFi apps.

Philippine Central Bank Tests PHPC Stablecoin

Bangko Sentral ng Pilipinas (BSP), in collaboration with Coins.ph, a local crypto exchange, announced the launch of a pilot project of the PHPC national stablecoin pegged to the Philippine peso.

The asset will be tested, and all stablecoin transactions will occur under the BSP’s regulatory sandbox launched in 2022. Under the project, Coins.ph will act as the asset issuer and maintain reserves equivalent to the volume of PHPC circulating in the test environment.

Stablecoin testing is designed to assess its real-world performance and impact on the country’s financial ecosystem. As part of the project, the use of PHPC will be tested in:

  • cross-border and domestic payments;
  • trading paired with other digital assets;
  • hedging against market volatility;
  • providing liquidity in DeFi apps.

The testing results will determine the asset’s future and whether it can be officially deployed outside of the test environment. BSP will decide on the release of PHPC based on the test results, which may last three to twelve months.

The BSP finally started testing a wholesale central bank digital currency (wCBDC), the pilot of which was scheduled to be launched in 2022.

Сообщение Philippines Test National Stablecoin появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership
All news

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership

22.06.2025
0

ChatGPT o3’s AI model processed 38 live indicators and came up with a Cardano price forecast. ADA is currently trading...

Read moreDetails
ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential

ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential

22.06.2025
Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

22.06.2025
Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

22.06.2025
Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

22.06.2025
Load More
Next Post
Crypto Exchange Listing and Delisting Announcements: May 13, 2024

Crypto Exchange Listing and Delisting Announcements: May 13, 2024

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Stride Blockchain Will Move to ATOM-Powered Security Model

Stride Blockchain Will Move to ATOM-Powered Security Model

2 years ago
Is a $10 XRP Potential? SEC Advances Grayscale’s ETF Proposal

Is a $10 XRP Potential? SEC Advances Grayscale’s ETF Proposal

4 months ago
Bitcoin Hits 97K however Low Buying and selling Quantity Alerts Market Uncertainty

Bitcoin Hits 97K however Low Buying and selling Quantity Alerts Market Uncertainty

6 months ago
The 8 Best Crypto Stories of 2024

The 8 Best Crypto Stories of 2024

6 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

Bitcoin Price Analysis: Volatility Surges – What Technical Price Levels Are Traders Watching?

XRP Price Analysis: Can Regulatory Wins Sustain the Rally Beyond 300%?

Ethereum Staking Surges Despite Market Slump, Locking Over 28% of Supply

Will Bitcoin Survive Without Trump? Hedge Funds Aren’t Convinced, Says Semler

Trending

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership
All news

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership

22.06.2025
0

ChatGPT o3’s AI model processed 38 live indicators and came up with a Cardano price forecast. ADA...

ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential

ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential

22.06.2025
Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

22.06.2025
Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

22.06.2025
Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

22.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz