Does the Philippines Need a Peso Stablecoin? Community Weighs In

While there were previous peso stablecoin initiatives through the years, the Coins.ph announcement raise the conversation about it at a higher level.

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Philippines begins Peso-backed stablecoin sandbox testing

The test aims to evaluate the PHPC stablecoins real-world performance, its impact on the local fiat ecosystem, and its potential uses, including payments, trading and DeFi applications.

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Bitso Set to Launch Mexican Peso-Pegged Stablecoin on Arbitrum

Bitso, a popular Mexican cryptocurrency exchange, is set to introduce a new stablecoin that is pegged to the Mexican Peso. This move comes as part of Bitso’s expansion into the world of decentralized finance (DeFi) and the growing demand for stablecoins in the crypto market. The new stablecoin will be launched on Arbitrum, a Layer [...]

The post Bitso Set to Launch Mexican Peso-Pegged Stablecoin on Arbitrum appeared first on Crypto Breaking News.

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Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China

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Report: Cuban Peso Parallel Market Rate Plunges to Low Last Seen in Oct. 2022

The parallel market exchange rate of the Cuban peso versus the greenback recently dropped to CUP200 per dollar, a level last seen in Oct. 2022, a report has said. Pavel Vidal, a former economist at the Cuban central bank, said the peso’s depreciation has caused the “impoverishment of the economy and families in dollar terms.” [...]

The post Report: Cuban Peso Parallel Market Rate Plunges to Low Last Seen in Oct. 2022 appeared first on Crypto Breaking News.

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Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges [...]

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Bitcoin price hits new record high in Argentina

Argentina’s peso has crashed by 99% versus the U.S. dollar since the beginning of the currency crisis in 2018.

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C PESO Stablecoin by Cebu’s C PASS to Launch Digital Wallet in Europe This March

C PASS is also preparing to get an electronic money issuer license in both the Philippines and Europe and has met with Central Bank officials in the Philippines.

The post C PESO Stablecoin by Cebu’s C PASS to Launch Digital Wallet in Europe This March appeared first on BitPinas.

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Medalla: ‘Worst is Over’ as PHP Rallies Back to 54.8, Strongest Since June 2022

With this good sign, the Monetary Board can finally focus on inflation targeting rather than foreign exchange rate management, Medalla said.

The post Medalla: ‘Worst is Over’ as PHP Rallies Back to 54.8, Strongest Since June 2022 appeared first on BitPinas.

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BSP – Not End of the World if Peso Hits 61 to a Dollar

In a report from Reuters, Medalla said it will not be “the end of the world” if the Philippine Peso hits 61 versus the dollar.

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BSP: Buy Dollars from Legit Sources

The BSP advises the companies in the industry to purchase dollar requirements from legit sources only.

The post BSP: Buy Dollars from Legit Sources appeared first on BitPinas.

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Bank of Mexico Creates Conditions for the Launch of CBDC

Mexico anticipates that by 2024 it will be able to launch the digital Mexican peso.

Continue reading Bank of Mexico Creates Conditions for the Launch of CBDC at DailyCoin.com.

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Salceda Sees Peso Could Depreciate to 68 Pesos to One Dollar

Salcedo gave a possible economic solution which can be a mix of policy and program intervention. He suggested that the government needs to encourage the “Big 4” in service Dollar earners.

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C-Pass Inc Signs MOU to Eye Use of Its Crypto Coin C-Peso in Cebu City

The stablecoin has entered the third stage of the BSP registration process for Virtual Asset Service Providers.

The post C-Pass Inc Signs MOU to Eye Use of Its Crypto Coin C-Peso in Cebu City appeared first on BitPinas.

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Crypto Flipsider News – Terra to Burn 1.3 Billion UST, Polygon Migrates Terra Projects; ETH Falls to $1.7k; JP Morgan Uses Blockchain for Collateral Settlement; “Bitcoin an Insurance Against Financial Catastrophe”; Tether Launches Peso-Backed Stablecoin

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Continue reading Crypto Flipsider News – Terra to Burn 1.3 Billion UST, Polygon Migrates Terra Projects; ETH Falls to $1.7k; JP Morgan Uses Blockchain for Collateral Settlement; “Bitcoin an Insurance Against Financial Catastrophe”; Tether Launches Peso-Backed Stablecoin at DailyCoin.com.

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Tether Floats Mexican Pesos-based Stablecoin in Latin America

Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN? stablecoin. (Read More)

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Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region.

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Mexico Will Be One of the First Countries to Launch a CBDC in Latin America

Mexico is likely to be one of the first countries in Latin America and the world to enter the club of countries with central bank digital currencies (CBDC).

Continue reading Mexico Will Be One of the First Countries to Launch a CBDC in Latin America at DailyCoin.com.

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BSP CBDC Digital Currency Initiative Scheduled for Q4 2022

The BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.

The post BSP CBDC Digital Currency Initiative Scheduled for Q4 2022 appeared first on BitPinas.

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BSP To Pilot CBDC for Wholesale Transactions

The initiative is part of its aim to promote the stability of the country’s payment system.

The post BSP To Pilot CBDC for Wholesale Transactions appeared first on BitPinas.

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