Coins.ph, a cryptocurrency exchange licensed in the Philippines, has announced its integration into Circle“s newly launched Arc public testnet. This initiative aims to explore the deployment of its Philippine Peso-pegged stablecoin, PHPC, across the Arc network.
By participating in the Arc testnet, Coins.ph seeks to leverage the stablecoin”s potential to improve cross-border remittances and facilitate innovative financial applications, particularly benefiting overseas Filipinos. The compatibility of Arc with the Ethereum Virtual Machine (EVM) also opens avenues for using PHPC in decentralized finance (DeFi) applications and web3 services.
In a recent media release, Coins.ph indicated that it is preparing to formally apply for an increase in PHPC”s minting capacity. This move is intended to enhance its use in high-volume transactions and cross-border remittances. The stablecoin issuer has committed to engaging with regulators to ensure the security and compliance of PHPC, positioning it as a cornerstone for the future of the internet economy.
Recent statements from Coins.ph highlight the growing global adoption of stablecoins for cross-border payments. They emphasize that stablecoins like PHPC facilitate faster and more efficient remittances compared to traditional banking methods, which are often plagued by delays and high transaction fees.
In line with its stablecoin initiatives, Coins.ph partnered with global remittance provider BCRemit in October 2025 to launch a service that allows users to send money in minutes while saving significant costs compared to conventional banking channels. Additionally, the exchange introduced a low-cost trading promotion for its USDT/PHP pair, which is set to run until December 15, 2025.
Furthermore, a prior collaboration with HashKey Exchange established a 24/7 remittance corridor between the Philippines and Hong Kong, enabling real-time fund transfers between PHP and HKD.
As Coins.ph continues to innovate in the stablecoin space, its partnership with Circle”s Arc testnet marks a significant step forward in enhancing the utility and accessibility of digital currency solutions for Filipinos.
