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Sun 26 Jul · 3 min read

BPI stablecoin pilot changes crypto cashier calculus

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What happened

Bank of the Philippine Islands (BPI), the Philippines' second-largest bank by assets, has launched a stablecoin payments pilot targeting OFW remittances. The pilot runs under Bangko Sentral ng Pilipinas (BSP) visibility, meaning the central bank is aware of and implicitly comfortable with a licensed deposit-taking institution testing stablecoin settlement rails. BPI is not a fringe fintech. It is a systemic bank. That changes the regulatory signal significantly.

Why it matters

Sources: Signal by DRS

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