U.S. markets open in 3 hours 40 minutes
  • S&P Futures

    3,972.25
    +10.25 (+0.26%)
     
  • Dow Futures

    33,903.00
    +46.00 (+0.14%)
     
  • Nasdaq Futures

    11,574.00
    +49.25 (+0.43%)
     
  • Russell 2000 Futures

    1,841.80
    +4.00 (+0.22%)
     
  • Crude Oil

    79.93
    +1.73 (+2.21%)
     
  • Gold

    1,773.40
    +9.70 (+0.55%)
     
  • Silver

    21.67
    +0.24 (+1.11%)
     
  • EUR/USD

    1.0363
    +0.0028 (+0.27%)
     
  • 10-Yr Bond

    3.7480
    0.0000 (0.00%)
     
  • Vix

    21.89
    -0.32 (-1.44%)
     
  • GBP/USD

    1.1995
    +0.0045 (+0.37%)
     
  • USD/JPY

    138.9650
    +0.3310 (+0.24%)
     
  • BTC-USD

    16,889.30
    +375.77 (+2.28%)
     
  • CMC Crypto 200

    400.64
    +11.91 (+3.06%)
     
  • FTSE 100

    7,556.13
    +44.13 (+0.59%)
     
  • Nikkei 225

    27,968.99
    -58.85 (-0.21%)
     

Philippine central bank sees stablecoins as key to make payments more efficient

Stablecoins, a cryptocurrency backed by real-world assets such as the U.S. dollar, can improve payment and remittance for a country that is heavily reliant on remittances from millions of overseas Filipino workers, according to Mhel Plabasan, director of technology risk and innovation supervision department at BSP.