Several banks in the Philippines are working together to create a peso-backed stablecoin, PHPX, aimed at improving cross-border payments and financial inclusion. The PHPX token is scheduled to ...

aims to understand banks’ overall credit standards and factors affecting the supply of loans MANILA, Philippines – Philippine banks expect loan demand from enterprises and households to remain ...

The PHPX token is set to debut between May and July, leveraging decentralized ledger technology (DLT) via the Hedera network. A group of Philippine banks is joining forces to launch a peso-backed ...

Philippine banks are launching PHPX stablecoin on Hedera blockchain to improve cross-border payments and remittances. Several banks in the Philippines are planning to launch a new stablecoin ...

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MANILA, Philippines — Philippine banks are expected to emerge as key beneficiaries across Southeast Asia economies if policy rate cuts remain shallower than anticipated in 2025, Fitch Ratings said.

including UnionBank of the Philippines (UBX), Rizal Commercial Banking Corporation (RCBC), Cantilan Bank, Rural Bank of Guinobatan, and other commercial and rural banks, has introduced PHPX ...

Last year, the Philippines central bank, Bangko Sentral ng Pilipinas (BSP), gave the green light for controlled trials of a national stablecoin that would be pegged 1:1 to the local peso.

SINGAPORE, Jan 23 (Reuters) - Maynilad Water Services has hired banks including Morgan Stanley ... $500 million initial public offering in the Philippines, according to two sources with knowledge ...

PHPX stablecoin aims to improve cross-border remittances and financial inclusion in the Philippines. Hedera DLT ensures compliance with international crypto-asset regulations for PHPX. PHPX reserves ...