🏦💱 Filipino banks are teaming up to launch PHPX, a peso-backed stablecoin, aiming to revolutionize cross-border payments and boost financial inclusion! Scheduled for a May-July debut, PHPX will run on the Hedera network, with UnionBank, Rizal Commercial Banking, and others at the helm.

- PHPX promises real-time remittances, letting overseas Filipinos pay tuition back home instantly.

- A multicurrency exchange is in the works, enabling swaps with USD, SGD, and JPY stablecoins.

Will PHPX reshape the remittance landscape? Share your thoughts below!