Several Philippine banks collaborate to launch PHPX stablecoin on Hedera
Several Philippine banks are collaborating to create a peso-backed stablecoin, PHPX, aimed at improving cross-border payments and financial inclusivity. The PHPX token is planned to be launched between May and July. The PHPX stablecoin developed by Singapore start-up Just Finance will be launched on the Hedera Decentralized Ledger Technology (DLT) network. According to a report by Ledger Insights, the participating Philippine banks include Union Bank of the Philippines, RCBC, Cantilan Bank and GNB Rural Bank. All participants will play an important role in the governance of the PHPX stablecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang's influence surpasses that of Nvidia— and that's exactly the problem
Jensen Huang has been the key driving force behind the massive expansion of AI infrastructure, with his personal credibility and authoritative decision-making deeply embedded in the narrative of the global tech market’s rise over the past three years. Now, as scandals emerge, Nvidia’s trading team is expected to become more conservative and slow down external financing commitments, which undoubtedly worsens the situation for neoclouds already facing tight funding.
Deutsche Bank made significant Q3 purchases of midstream AI application stocks: the three major cloud giants saw increased holdings, with Palantir (PLTR.US) and Salesforce (CRM.US) also favored.
Deutsche Bank has submitted its third quarter 13F holdings report for the period ending September 30, 2026.
Crypto prices
More
