Several banks in the Philippines are collaborating to create PHPX, a peso-backed stablecoin that aims to improve cross-border payments and financial inclusion. The PHPX token will be developed by Singapore-based Just Finance and launched on the Hedera decentralized ledger technology network. Participating banks include UnionBank, Rizal Commercial Banking, Cantilan Bank, and Rural Bank of Guinobatan. PHPX aims to reshape cross-border remittances. Share your views in the comments: How can PHPX contribute to the Philippine economy?