{"id":"tp-11787","type":"article-newspaper","title":"Philippines Tests Peso-Backed Stablecoin, Eyes Future Financial Innovations","author":"Sheena Jordan","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/11787","datePublished":"2024-05-14T01:15:47.000Z","dateModified":"2024-05-14T01:15:47.000Z","language":"en","abstract":"In a groundbreaking initiative, the Bangko Sentral ng Pilipinas has commenced sandbox testing for the PHPC, a stablecoin pegged 1:1 to the Philippine peso. This pilot, a collaboration with Coins.ph, aims to evaluate t…","section":"Business","references":[{"title":"Cointelegraph","url":"https://cointelegraph.com/news/philippines-central-bank-peso-stablecoin"},{"title":"release","url":"https://coins.ph/blog/bsp-grants-coins-ph-approval-to-pilot-phpc-stablecoin/#:~:text=Coins.ph%20has%20received%20Bangko,Peso%20backed%20stablecoin%20named%20PHPC"},{"title":"utilizing stablecoins","url":"https://cointelegraph.com/news/how-to-use-stablecoins-for-everyday-transactions"},{"title":"Microsoft Bing","url":"https://www.bing.com/images/create/philippines-tests-peso-backed-stablecoin2c-eyes-fut/1-66423813ed3f4fa1a7503a0d54e42657?id=ECBoXB%2fmiAdAr2lDol9hxQ%3d%3d&view=detailv2&idpp=genimg&thId=OIG2.Zif9YhS7Oe5dd9L1EqRU&FORM=GCRIDP&mode=overlay"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}