Coins.ph, the top cryptocurrency exchange in the Philippines, partners with Stables Money from Australia. They aim to revolutionize cross-border remittances using PHPC, the first stablecoin supported by the Philippine Peso.

PHPC is a stablecoin fully tied to the Philippine Peso, supported by cash and cash equivalents stored in Philippine bank accounts. This ensures users can exchange their PHPC at a 1:1 rate with the Peso, offering a stable and reliable medium for transactions.

Offering quicker and more affordable remittances, PHPC is set to transform the remittance process. This initiative plans to incorporate PHPC into a wider financial system, expanding its use for global cross-border payments.

“Recognizing the Philippines as a key player in global remittances, we expanded to deliver smooth PHP transactions. With 28.44% of our send transactions now in PHP, this move highlights our commitment to making cross-border payments hassle-free for those sending money to the Philippines,” - Bernardo Bilotta, CEO of Stables Money

Launched in July, PHPC has already marked key achievements, notably its inclusion in the Ronin Network and Katana, a decentralized exchange operating on the Ronin blockchain.

PHPC has seen a promising rise in user adoption. Coins.ph CEO Wei Zhou noted the growing interest among users, emphasizing that collaborations with Stables and Ronin reveal PHPC's significant potential in facilitating cross-border transactions, trading, and other financial endeavors.

Coins.ph continues to focus on extending PHPC's influence by joining forces with more exchanges, wallets, and financial institutions. With its reliable backing, PHPC is positioned to be a cornerstone in digital finance, unlocking efficiencies in remittances, peer-to-peer transactions, and trading.

About Coins.ph

Coins.ph is on a mission to power the new internet with easy access to digital assets and web3 products. Launched in 2014, Coins.ph is the most established crypto brand in the Philippines and has gained the trust of more than 18 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services. Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

About Stables

Stables is a pioneering stablecoin payment platform based in Australia, committed to revolutionizing the global financial landscape through blockchain technology. With a focus on real-world utility and financial inclusivity, Stables empowers users worldwide to transact freely and securely.

For further information, please contact:

Joma Garcia

joma.garcia@coins.ph

Cris Maniago

cris.maniago@coins.ph