Philippines-based crypto exchange Coins.ph and Australia-based Stables Money have teamed up to use PHPC, a stablecoin pegged to the Philippine peso, for remittances.
- PHPC launched in July and already accounts for 28.44% of Stables Money transactions.
- PHPC is traded on Ronin and Katana DEX, but volumes are still modest.
- Previous attempts to launch stablecoins in the Philippines have failed.
📉 Questions remain: can PHPC stay afloat?