Philippines Launches Sandbox Testing for Peso-Backed Stablecoin
The national stablecoin of the Philippines is pegged 1:1 to the local peso and will undergo supervised trials by the central bank.
Key Takeaways The Philippines is gearing up to introduce a central bank digital currency (CBDC) within the next two years, following the lead of other global regulators who have embraced digital tokens as an alternative to volatile cryptocurrencies. According to…