Philippine Stablecoin Launched By Smart Citi And Other Firms

Three foreign companies collaborate to launch blockchain projects to facilitate Philippine digitalization. Specifically, the partnership comprises Philippine-based Smart Citi Teknologi, US-based Marvion, and Hong Kong companies Coinlectibles Inc. and Xtreme Business Enterprise. They announced three Philippine blockchain projects for 2023. The first is the "Philippine Stable Coin Project," which will transform the national economy into a digital one. Second, the "Blockchain-enabled Membership Program for Sustainable Tourism" will build a Smart Island in Roxas, Palawan. Third, the "Investing in a Promising Future: Philippine Art and Heritage" project uses blockchain to promote the Filip...

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