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Record sog_st_phpc
PHPC/PHPC
Also recorded as Coins.ph PHPC, Philippine Peso Coin
- Lifecycle
- Restricted
- Issuance
- Restricted
- Reference target
- Unknown reference target
- Primary organization
- Coins.phNo additional recorded relationship
- Launch
- Not yet recorded
- Redemption
- Restricted
- Backing
- Fiat and cash equivalents
- Stabilization
- Issuer redemption
- Last review
- 2026-07-09
- Evidence
- 5 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Philippine-peso stablecoin issued by Coins.ph. PHPC entered BSP sandbox testing in 2024 and later launched on Ronin; current canonical treatment remains limited because the reviewed sources do not establish fully open current minting and redemption scope.
| Name | PHPC |
|---|---|
| Symbol | PHPC |
| Aliases | Coins.ph PHPC, Philippine Peso Coin |
| Asset class | Stablecoin |
| Lifecycle status | Restricted |
| Issuance status | Restricted |
| Canonical record ID | sog_st_phpc |
| Route slug | coins-phpc |
| Record confidence | High |
| Last reviewed | 2026-07-09 |
- Name
- PHPC
- Symbol
- PHPC
- Aliases
- Coins.ph PHPC, Philippine Peso Coin
- Asset class
- Stablecoin
- Lifecycle status
- Restricted
- Issuance status
- Restricted
- Canonical record ID
sog_st_phpc- Route slug
coins-phpc- Record confidence
- High
- Last reviewed
- 2026-07-09
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 5 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 2 |
| Issuer-control actions | 0 |
| Open questions | 4 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Centralized
- Primary display organization
- Coins.ph
- Primary display role
- Legal issuer
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Coins.ph | Unknown or not yet classified | Unknown or unresolved | Philippines | Legal issuer | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Unknown or not yet classified
Primary displayCoins.ph
- Functional role
- Legal issuer
- Relationship status
- Active relationship
- Regulatory character
- Unknown or unresolved
- Jurisdiction
- Philippines
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- Unknown reference target
- Reference kind
- Fiat
- Comparison category
- Unknown reference category
- Target value
- 1
- Reference methodology
- PHPC targets 1 PHPC to 1 PHP. Current open issuance scope is not inferred beyond reviewed sandbox-era and launch evidence.
- Public backing model
- Fiat and cash equivalents
- Canonical backing types
- Cash, Bank Deposits, Other
- Reserve component categories
- Other
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Fiat Reserve Backed Sandbox Stablecoin
- Redemption / exit model
- Restricted
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Fiat-backed Philippine-peso stablecoin with reserve basket terms published by Coins.ph. Restricted lifecycle reflects incomplete verification of current general-access issuance and redemption scope, not a shutdown finding.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- PHPC reserve basket of cash, time deposits, and short-term money-market instrumentsOther · The reserve basket composition is documented, but no instrument-level allocation percentages are invented.
| Disclosure status | Official Whitepaper Reserve Model Current Attestation Not Confirmed |
|---|---|
| Backing types | Cash, Bank Deposits, Other |
| Summary | Coins.ph states that PHPC is 100% backed by a reserve basket consisting of cash, time deposits, and short-term money-market instruments. The reviewed sources describe the reserve model and sandbox obligations but do not establish a current PHPC-specific public attestation cadence. |
| As of | 2026-07-09 |
| Profile confidence | High |
- Disclosure status
- Official Whitepaper Reserve Model Current Attestation Not Confirmed
- Backing types
- Cash, Bank Deposits, Other
- Summary
- Coins.ph states that PHPC is 100% backed by a reserve basket consisting of cash, time deposits, and short-term money-market instruments. The reviewed sources describe the reserve model and sandbox obligations but do not establish a current PHPC-specific public attestation cadence.
- As of
- 2026-07-09
- Profile confidence
- High
| Current status | Restricted |
|---|---|
| Settlement asset | PHP |
| Eligible parties | PHPC holders using Coins.ph under the documented platform and regulatory framework; current general-access scope remains under review. |
| Retail access | Platform Conversion Described Current Scope Under Review |
| Institutional access | Not Separately Documented |
| Minimum amount | Not publicly established in reviewed sources. |
| Fee | The official whitepaper states that during the sandbox period only network fees were incurred. |
| Settlement time | The whitepaper describes holder rights to buy, sell, or convert PHPC, but current settlement timing is not separately published in the reviewed sources. |
| Regional limits | BSP regulatory and Coins.ph account eligibility apply., Current public availability outside reviewed sandbox-era terms remains under review. |
- Current status
- Restricted
- Settlement asset
- PHP
- Eligible parties
- PHPC holders using Coins.ph under the documented platform and regulatory framework; current general-access scope remains under review.
- Retail access
- Platform Conversion Described Current Scope Under Review
- Institutional access
- Not Separately Documented
- Minimum amount
- Not publicly established in reviewed sources.
- Fee
- The official whitepaper states that during the sandbox period only network fees were incurred.
- Settlement time
- The whitepaper describes holder rights to buy, sell, or convert PHPC, but current settlement timing is not separately published in the reviewed sources.
- Regional limits
- BSP regulatory and Coins.ph account eligibility apply., Current public availability outside reviewed sandbox-era terms remains under review.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Coins.ph | Issuer Whitepaper Reserve Model and Sandbox Context | Cash, Bank Deposits, Other | High |
Coins.ph
Not yet recorded- Type
- Issuer Whitepaper Reserve Model and Sandbox Context
- Assets covered
- Cash, Bank Deposits, Other
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ronin | Specific network recorded | ERC-20 | Issuer- or institution-supported deployment | Issuer Native Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Verified | Identifier recorded | 0x63c6e9f027947be84d390cfa7b2332d13b529353 | Not yet recorded | Not yet recorded | 0 | Exact PHPC Ronin token address published in Ronin Network's official launch announcement. |
| Polygon | Specific network recorded | ERC-20 | Issuer- or institution-supported deployment | Issuer Native Token | Unknown or unresolved | Unknown after review | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Coins.ph's official PHPC whitepaper states Polygon issuance, but an exact current Polygon contract identifier is not asserted without a reviewed primary identifier source. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| PHPC Whitepaper | The Official Philippine Stablecoin Published Not yet recorded | Coins.ph | Technical documentation or repository Canonical: Official Whitepaper | Subject-controlled source | Primary source | Identity, Issuer, Regulatory Status, Backing, Reserve, Redemption, Deployment Networks, Phpc Identity Issuer Sandbox Backing Networks User Rights and Reimbursement Terms | Archive index or wildcard | High |
| Coins.ph official site Published Not yet recorded | Coins.ph | Official documentation or product page Canonical: Official Website | Subject-controlled source | Primary source | Organization Identity, Regulatory Status, Current Publication Surface, Current Coins Ph Regulatory Identity and Phpc Whitepaper Publication Surface | Archive index or wildcard | High |
| Philippines begins Peso-backed stablecoin sandbox testing Published 2024-05-13 | Cointelegraph | Independent news or analysis Canonical: News Article | Independent third-party source | Secondary source | Regulatory Status, Sandbox, Pilot, Reserve Requirement, Bsp Sandbox Approval and Phpc Pilot Context | Archive index or wildcard | Medium |
| PHPC is LIVE on Ronin! Published 2024-07-08 | Ronin Network | Official statement or announcement Canonical: Official Ecosystem Announcement | Subject-controlled source | Primary source | Launch, Network, Contract Address, Backing Context, Phpc Ronin Launch and Exact Contract Identifier | Archive index or wildcard | High |
| Stables Money onboards Coins.ph's Philippine peso stablecoin Published 2024-08-29 | Cointelegraph | Independent news or analysis Canonical: News Article | Independent third-party source | Secondary source | Distribution, Remittance Use, Post Sandbox Context, Post Sandbox Phpc Remittance Use and 2024 Distribution Context | Archive index or wildcard | Medium |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Launch Date | PHPC entered BSP sandbox testing in May 2024 and launched on Ronin on 2024-07-08, while secondary reporting states broader PHPC launch occurred in July 2024; the exact original first public issuance day remains unresolved. | Unknown after review | Medium | 2026-07-09 |
| Current Service State | The reviewed current Coins.ph public support material does not expose PHPC-specific deposit, withdrawal, minting, redemption, and trading availability in a directly parseable current table. | Unknown after review | High | 2026-07-09 |
| Reserve Reporting | The official whitepaper describes planned periodic proof-of-reserves and independent audits, but a current PHPC-specific public attestation cadence and latest report were not confirmed in reviewed sources. | Unknown after review | High | 2026-07-09 |
| Deployment Identifier | Coins.ph's whitepaper states that PHPC is issued on Polygon, but the exact current Polygon contract identifier was not established from a reviewed primary identifier source. | Unknown after review | Medium | 2026-07-09 |
Launch Date
PHPC entered BSP sandbox testing in May 2024 and launched on Ronin on 2024-07-08, while secondary reporting states broader PHPC launch occurred in July 2024; the exact original first public issuance day remains unresolved.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-07-09
Current Service State
The reviewed current Coins.ph public support material does not expose PHPC-specific deposit, withdrawal, minting, redemption, and trading availability in a directly parseable current table.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-07-09
Reserve Reporting
The official whitepaper describes planned periodic proof-of-reserves and independent audits, but a current PHPC-specific public attestation cadence and latest report were not confirmed in reviewed sources.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-07-09
Deployment Identifier
Coins.ph's whitepaper states that PHPC is issued on Polygon, but the exact current Polygon contract identifier was not established from a reviewed primary identifier source.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-07-09
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2024-05-13 | PHPC enters BSP regulatory sandbox testing | Regulatory action | Regulatory Action | Restricted or impaired | Not applicable |
| 2024-07-08 | PHPC launches on Ronin | Other material event | Network Launch | No lifecycle change | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Coins.phPhilippines
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.