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Deployments · platform by Coins.ph

Coins.ph PHPC Philippine peso stablecoinNew

A Philippine peso stablecoin issued by Coins.ph (Betur Inc), a virtual asset service provider and e-money issuer regulated by the Bangko Sentral ng Pilipinas. It was launched in 2024 inside the BSP's regulatory sandbox and, after meeting the central bank's test targets, moved out of the sandbox in June 2025, with commitments to disclose holders, report to the BSP and have reserves and contracts audited. Each token targets one peso and is backed by cash, time deposits and short-term money market instruments held in Philippine banks. Coins.ph promotes it for remittances and cross-border transfers. Its white paper names Polygon and Ronin (press also reports Solana). No supply figure has been published.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Jun 2025[2][3] — Out of the BSP sandbox since June 2025; no supply or volume figure found, so scale is unknown. · Reviewed 12d ago

Assets
Stablecoin[1]
PHPC peso stablecoin
Networks
Polygon Public, permissionless[1]
Ronin Public, permissionless[1][2]
Solana Public, permissionless[2]
Reported by BitPinas (launched on Ronin and Solana in 2024); the issuer's white paper lists Polygon and Ronin only.
Use cases
Primary issuance[2]Cross-border payments[3]
Jurisdictions
Philippines

Participants

Assets

Timeline

  1. Happened Jun 2025 (month only) · Regulatory approval · recorded 27 Oct 2026
    PHPC moves out of the BSP regulatory sandbox after meeting its test targets, with ongoing reporting, holder disclosure and audit commitments.[2][3]
  2. Happened 2024 (year only) · Launch · recorded 27 Oct 2026
    Coins.ph launches PHPC as a pilot in the BSP regulatory sandbox.[2][3]

Sources

  1. [1]PHPC white paper — Coins.ph. Accessed 27 Oct 2026. Undated page (footer 2026): issuer a BSP-regulated VASP and EMI; target 1 PHPC = 1 PHP; backed by cash, time deposits and short-term money market instruments; Polygon and Ronin; full reimbursement at the end of the sandbox period..B
  2. [2]Coins.ph's $PHPC Stablecoin Exits BSP Sandbox — BitPinas, 13 Jun 2025. Accessed 27 Oct 2026.C
  3. [3]Coins.ph PHPC progresses beyond BSP sandbox — Fintech News Philippines, 11 Jun 2025. Accessed 27 Oct 2026.C
  4. [4]PDF Coins PHPC Proof of Reserve Attestation Report 060325 — Coins.ph, 3 Jun 2025. Accessed 7 Nov 2026.B

Spotted something out of date or missing? Suggest a correction, ideally with a source.