Coins.ph, the leading cryptocurrency exchange in the Philippines, has partnered with Australian digital payments platform Stables Money to enable faster, cheaper cross-border remittances using PHPC, the groundbreaking Philippine Peso-backed stablecoin.
Fully backed by cash reserves and pegged 1:1 to the Philippine peso, PHPC offers a secure and reliable way to send money across borders, boasting near-instant transactions and significantly lower fees compared to traditional remittance methods.
Stables Money CEO Bernardo Bilotta noted the growing popularity of the Philippine peso on their platform and reiterated their commitment to making cross-border payments to the Philippines as seamless as possible.
Since its launch in July, PHPC has gained significant traction, integrating with Ronin Network and Katana DEX.
Coins.ph plans to continue expanding PHPC’s reach through collaborations with more exchanges, wallets, and financial institutions.
“We’re encouraged to see growing adoption of PHPC among our user base. Our partnerships with Stables and Ronin underscore the vast potential of PHPC in cross-border transactions, trading and other financial activities,” said Coins.ph chief executive officer Wei Zhou.
