Philippines’ Largest Digital Wallet GCash Adds USDC Support
The country’s largest digital wallet platform now offers support for stablecoins via USDC.
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Philippines
The country’s largest digital wallet platform now offers support for stablecoins via USDC.
Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.
The regulator is also seeking to have the platform blocked in the country.
The Bureau of the Treasury has set a minimum target of 10 billion pesos.