Odaily Planet Daily News: The Central Bank of the Philippines approved the stablecoin PHPC, which is pegged to the Philippine peso, to promote cost-effective remittances. PHPC is backed by cash and equivalents from Philippine banks and will initially be launched on the Coins.ph platform with plans to expand to other platforms. PHPC will be a stablecoin backed by the peso and available for retail use, providing real-time transactions around the clock. (Bitcoin.com)