Philippine Peso stablecoins (PHP)
3 stablecoins pegged to the Philippine peso, from 3 issuers. Supply is read directly from the contracts DIA verified.
FX turnover share is one side of a currency trade, so all currencies' shares sum to 200% by BIS convention. Reserve and invoicing shares are only published for a handful of currencies; a dash means that source does not break PHP out individually, not that its share is zero.
Net new PHP supply
Change in the circulating supply of the 2 of 3 PHP coins counted here, as reported by aggregated market data. Both endpoints come from that source, so the dollar figure is a statement about it, not about the onchain supply DIA reads from the contracts, which is a different measurement of the same bloc. Coins that appeared part-way through a window are excluded, so this is supply added by coins that existed throughout rather than by the arrival of new ones.
Common questions
Coins.ph received approval from the Bangko Sentral ng Pilipinas to pilot PHPC and later announced PHPC's exit from the BSP Regulatory Sandbox. That is a genuine supervisory milestone. It is not a reserve examination.
PHPC, from Coins.ph, went through the BSP regulatory sandbox. PHPm comes from Mento's multi currency protocol. On 3 October 2026 Mento's reserve dashboard listed it as Reserve-backed, so it is a claim on the Mento Reserve's stablecoins and crypto assets rather than on pesos. PHT is issued by APACX.
Coins.ph has published proof of reserve reports prepared by its own internal audit department, the most recent as of 31 May 2025.