🚀 The Central Bank of the Philippines (BSP) has approved controlled trials of a national stablecoin, PHPC, backed 1:1 by the Philippine peso. This initiative is done in collaboration with Coins.ph, a cryptocurrency wallet provider. PHPC could be used for domestic and international payments, trading with other virtual assets, hedging against market volatility, and providing liquidity in DeFi applications. Do you think more countries will follow this path? Comment below!