Philippine peso stablecoins
1 Philippine peso stablecoin from 1 issuer on 1 chain. Supply is $3.32K (211.70K PHP), flat over 30 days.
- Supply
- $3.32K
- Flat over 30 days
- Trading volume
- No DEX pool
- None tracked · updated 31 Oct 2026
- Transfer volume
- Coming soon
- Checking the numbers · activity data through Sep 2026
- Active addresses
- Coming soon
- Checking the numbers · activity data through Sep 2026
Monthly supply
Total · USD · today's trading price when there is one, otherwise today's FX rate
Rules and regulation
Sandbox · Licensed stablecoin live: no · Philippines
What it means
PHPC can be used under BSP supervision, but any other peso stablecoin needs its own BSP sandbox approval.
Rules today
No general licensing regime for issuers. BSP tests coins case by case in its sandbox. Coins.ph's PHPC exited sandbox restrictions in June 2025; 1:1 cash backing/audits are issuer commitments, not published rules.
Next change
Not published
Sources
- Coins.ph: PHPC stablecoin readies to exit regulatory sandbox ↗
- Coins.ph: PHPC whitepaper ↗
- BSP: List of Virtual Asset Service Providers as of 15 July 2026 ↗
- BitPinas: BSP reviews stablecoin proposals amid cautious approach (1 Dec 2025) ↗
- The Banker: Philippines' stablecoin ambitions face regulatory hurdles ↗
As of 4 Oct 2026. Not legal advice.
Stablecoins and chains
| # | Stablecoin | Supply | Share |
|---|---|---|---|
| 1 | PHPC | $3.32K | 100.0% |
FAQ
What counts as a PHP stablecoin here?
A stablecoin designed to track one PHP, issued onchain. USD stablecoins are not tracked. A stablecoin is listed under one currency only: the one it is pegged to.
How is supply measured?
We read totalSupply onchain from each chain and leave out wallets the issuer names as not issued yet or waiting to be burned. Bridged copies count once. We compare the total with DefiLlama. If the two differ by more than 10%, the page raises an alert and still shows our read, unless we cannot yet name the unissued or treasury balance behind the gap. Then the alert stays and the figure shown is DefiLlama's. A missing or failed chain read also shows DefiLlama's figure. Methodology →
Are bridged copies counted?
Bridged copies of a stablecoin are left out of supply totals, so the same coins are not counted twice. Their contracts are still listed on the stablecoin's page, marked “Bridged, not counted in supply”. Methodology →
Which chains have no past supply reads?
We read today's supply on Algorand, Noble, Hedera and ICP onchain, but not past supply there. Charts use DefiLlama's series for these chains where it has one; where it doesn't, the chart leaves that chain out or shows it as “Chain unknown”. Contracts on these chains are still listed, with a link to the chain's block explorer. Which stablecoins this affects is in each issuer's FAQ. Methodology →
How are USD values calculated?
Supply valued at each stablecoin's trading price, or at the reference FX rate where none exists. Methodology →
Why are changes shown in the stablecoin's own currency?
A 30-day change compares supply in the stablecoin's own currency, so a move in the dollar exchange rate doesn't show up as growth or decline.
How do I mint or redeem these stablecoins?
It depends on the issuer: some let individuals mint by bank transfer, and some only onboard businesses. Each stablecoin page lists who can mint, how to redeem and the local payment rails, with sources. Example: PHPC →
How often is the data updated?
About once a day, at a time that varies. Each refresh must pass automated checks before it is published. The last update time is in the footer. Methodology →