The Bangko Sentral ng Pilipinas (BSP) has confirmed it is reviewing multiple private sector proposals to launch stablecoins in the Philippines. Despite the interest, the monetary regulator is maintaining a cautious approach as it evaluates the associated risks and benefits. Speaking in Hong Kong on 25 November, BSP Deputy Governor Zeno Abenoja noted that the [...] The post BSP Reviews Philippines Stablecoins Proposals Amid Cautious Stance appeared first on Fintech News Philippines.The Bangko Sentral ng Pilipinas (BSP) has confirmed it is reviewing multiple private sector proposals to launch stablecoins in the Philippines. Despite the interest, the monetary regulator is maintaining a cautious approach as it evaluates the associated risks and benefits. Speaking in Hong Kong on 25 November, BSP Deputy Governor Zeno Abenoja noted that the [...] The post BSP Reviews Philippines Stablecoins Proposals Amid Cautious Stance appeared first on Fintech News Philippines.

BSP Reviews Philippines Stablecoins Proposals Amid Cautious Stance

2 min read

The Bangko Sentral ng Pilipinas (BSP) has confirmed it is reviewing multiple private sector proposals to launch stablecoins in the Philippines.

Despite the interest, the monetary regulator is maintaining a cautious approach as it evaluates the associated risks and benefits.

Speaking in Hong Kong on 25 November, BSP Deputy Governor Zeno Abenoja noted that the majority of proposals involve dollar-backed stablecoins, with fewer submissions for peso-backed options.

The proposed use cases largely focus on cross-border retail transactions, particularly remittances, as well as domestic retail payments.

The central bank is currently using sandbox trials to assess operational viability.

Abenoja emphasised that the regulatory work remains at an “early stage,” with the BSP scrutinising transparency practices and legal contracts.

He added that the regulator is trying to learn from both industry players and the experiences of regulators in other markets.

Market activity is already visible in this sector. Local platform Coins.ph had restrictions lifted on its Philippine Peso stablecoin (PHPC) sandbox in June and is exploring wider utility for remittances.

Additionally, the Philippine Digital Asset Exchange (PDAX) recently entered partnerships with firms like Toku and Codex to facilitate stablecoin-based payroll and cross-border payment services.

Featured image by user5356353 via Freepik.

The post BSP Reviews Philippines Stablecoins Proposals Amid Cautious Stance appeared first on Fintech News Philippines.

Market Opportunity
CyberKongz Logo
CyberKongz Price(KONG)
$0,001701
$0,001701$0,001701
-10,47%
USD
CyberKongz (KONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment?

The post Is Doge Losing Steam As Traders Choose Pepeto For The Best Crypto Investment? appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 17:39 Is dogecoin really fading? As traders hunt the best crypto to buy now and weigh 2025 picks, Dogecoin (DOGE) still owns the meme coin spotlight, yet upside looks capped, today’s Dogecoin price prediction says as much. Attention is shifting to projects that blend culture with real on-chain tools. Buyers searching “best crypto to buy now” want shipped products, audits, and transparent tokenomics. That frames the true matchup: dogecoin vs. Pepeto. Enter Pepeto (PEPETO), an Ethereum-based memecoin with working rails: PepetoSwap, a zero-fee DEX, plus Pepeto Bridge for smooth cross-chain moves. By fusing story with tools people can use now, and speaking directly to crypto presale 2025 demand, Pepeto puts utility, clarity, and distribution in front. In a market where legacy meme coin leaders risk drifting on sentiment, Pepeto’s execution gives it a real seat in the “best crypto to buy now” debate. First, a quick look at why dogecoin may be losing altitude. Dogecoin Price Prediction: Is Doge Really Fading? Remember when dogecoin made crypto feel simple? In 2013, DOGE turned a meme into money and a loose forum into a movement. A decade on, the nonstop momentum has cooled; the backdrop is different, and the market is far more selective. With DOGE circling ~$0.268, the tape reads bearish-to-neutral for the next few weeks: hold the $0.26 shelf on daily closes and expect choppy range-trading toward $0.29–$0.30 where rallies keep stalling; lose $0.26 decisively and momentum often bleeds into $0.245 with risk of a deeper probe toward $0.22–$0.21; reclaim $0.30 on a clean daily close and the downside bias is likely neutralized, opening room for a squeeze into the low-$0.30s. Source: CoinMarketcap / TradingView Beyond the dogecoin price prediction, DOGE still centers on payments and lacks native smart contracts; ZK-proof verification is proposed,…
Share
BitcoinEthereumNews2025/09/18 00:14
The United Nations launches the "Global Dialogue on Artificial Intelligence Governance" mechanism

The United Nations launches the "Global Dialogue on Artificial Intelligence Governance" mechanism

PANews reported on September 26th that, according to CCTV News, the United Nations held a high-level meeting on the 25th local time to launch the "Global Dialogue on Artificial Intelligence Governance." In his speech, UN Secretary-General António Guterres described it as a major global platform for focusing on this transformative technology. Guterres stated that the goals of the global dialogue are clear: to help build safe, reliable, and trustworthy AI systems based on international law, human rights, and effective oversight; to promote synergy between governance systems, aligning rules, reducing barriers, and fostering economic cooperation; and to encourage open innovation, including open source tools, that is accessible to all.
Share
PANews2025/09/26 14:49
XRPL Validator Reveals Why He Just Vetoed New Amendment

XRPL Validator Reveals Why He Just Vetoed New Amendment

Vet has explained that he has decided to veto the Token Escrow amendment to prevent breaking things
Share
Coinstats2025/09/18 00:28