Philippine cryptocurrency exchange Coins.ph announces the launch of stablecoin PHPC on Solana

ChainCatcher live report, at the Solana 2024 Breakpoint conference, the CEO of the Philippine cryptocurrency exchange Coins.ph, Wei Zhou, announced the launch of the Philippine peso stablecoin PHPC on Solana.

PHPC will go live on Solana in the next quarter and will introduce PHPC/USDT and PHPC/USDC liquidity pools to Solana.

It is reported that Coins.ph is a leading crypto application in Southeast Asia, with over 16 million users, offering authorized fiat and cryptocurrency wallet and trading services, including cryptocurrency, e-wallets, and payments. The company is regulated by the Bangko Sentral ng Pilipinas (BSP) and holds a virtual currency and electronic money issuer license issued by the central bank.