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You Won’t Believe What Happens When You Combine Unstable Cryptocurrency With a Country That Can’t Even Balance Its Budget!

A cartoon Philippine peso coin being juggled by two figures representing the Philippines and Australia, with unstable cryptocurrency coins flying around them; one figure holds a balance scale showing an unbalanced budget.

Stables Money: because who needs actual stability when you can have cryptocurrency?.

Source: cointelegraph

Philippine cryptocurrency exchange Coins.ph and Australia’s Stables Money have partnered to use Coins.ph’s Philippine peso-pegged PHPC stablecoin for remittances. The Philippine peso already makes up over a quarter of Stables Money’s send transactions. Stables Money entered the Philippine market in March. The Philippines is the largest importer of remittances in Southeast Asia. Remittances to the country reached $34.9 billion in 2020, according to the World Bank. PHPC was admitted to […]

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