Filipino Banks to Launch PHPX Peso Stablecoin on Hedera Network Hederaby Soumen DattaJanuary 10, 2025The goal is to improve cross-border payments, particularly remittances, by offering faster and more affordable transactions. Several prominent Filipino banks are set to launch a multi-bank peso-backed stablecoin called PHPX this year. The initiative will leverage the Hedera Distributed Ledger Technology (DLT) network, which offers the potential to improve cross-border payments, particularly remittances, for Filipinos working…
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