The leading Bank Institution of the Philippines called UnionBank has launched the PHX stablecoin pegged to the Philippine Peso under the guidance of Aboitiz. UnionBank became the first financial institution that made a transaction in the country.
70% of stablecoins turned out to be either a failure or still has been at the development stage. The experts have revealed the factors which point out an unviable stablecoin.
Binance coin’s price has reached a new historic high in the pair with the stablecoin USDT, having grown up to $35.6. In this regard, Binance Chain has reduced commission for a number of services.
The partnership of TrustToken and Binance will allow launching a service for converting fiat into TUSD and vice versa via the purses on the platform.
According to the information obtained from a representative of the company, Facebook is going to publish the documentation on GlobalCoin on June 18.
Facebook will announce the date of Global Coin's launch this month. As for now, the company is building partnerships with the organizations which will be participating in the ecosystem.