**News Flash: Coins.ph Partners with Stables Money for Peso-Pegged Stablecoin Remittances**

Philippine crypto exchange Coins.ph has teamed up with Australia's Stables Money to enhance remittance services using the PHPC stablecoin, pegged to the Philippine peso. Since entering the Philippine market in March, Stables Money has seen over a quarter of its transactions in PHP.

PHPC, launched in July and backed by Coins.ph reserves, is now part of the Bangko Sentral ng Pilipinas’ regulatory sandbox. Stables Money CEO Bernardo Bilotta emphasized the importance of smooth PHP transactions for the Philippines, a major remittance hub.

This collaboration follows Stables Money's partnership with Mastercard, allowing users to spend USD Coin (USDC) globally. PHPC is also traded on the Ronin network's Katana exchange.

Despite previous unsuccessful attempts by other entities to launch peso-pegged stablecoins, PHPC shows promising traction in the significant Philippine remittance market.