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Philippines’ UnionBank Launches Stablecoin, Conducts Country’s First Bank Blockchain Transaction

Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction – CoinDesk

The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank also conducted the first blockchain-based transaction by a Filipino bank. The PHX stablecoin is pegged to the Philipino peso and backed by UnionBank reserves.







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