Captured By Kinjal Gandhi / 3:26 pm on 30 September 2022
The Bangko Sentral ng Pilipinas (the Philippines’ central bank) strongly favors stablecoins as they can help the monetary system and enable “affordable and faster” cross-border transfers. As per Mhel Plabasan, Director of the organization, Stablecoins can boost the nation’s payment system. In addition, the executive also revealed that the central bank would soon begin a test program for its central bank digital currency (CBDC)
