PHPToken on BNB Chain

Introducing PHPToken (PHPT): A New Arrival on the BNB Chain

Welcome to the detailed profile of PHPToken (PHPT), the latest addition to the BNB Chain. As an exciting new cryptocurrency token, PHPToken (PHPT) was launched with the intent to join the thriving BNB Chain ecosystem.

This token operates on the BNB Chain, an infrastructure that supports the creation and execution of decentralized applications (dApps) and allows users to transact in digital currencies seamlessly and securely.

At NewCoinHub, we provide up-to-date and comprehensive data about PHPToken (PHPT) including its current price, trading volume, liquidity status, and the number of holders. We also supply the official smart contract address, crucial for those interested in further exploration or investment.

Please note that the world of cryptocurrency can be volatile and unpredictable. We encourage all visitors to perform their own due diligence and research when considering investments. For the most accurate and recent data, continue to refer to this page, as we strive to update our information in real-time.

Read on to learn more about PHPToken (PHPT) and find answers to some frequently asked questions.

Token description

Launched in 2024, PHPT (Philippine Peso Token) is a fiat-backed stablecoin designed to maintain a one-to-one value with the Philippine Peso (PHP). The project was developed to provide a reliable digital representation of the peso, facilitating fast, low-cost, and transparent transactions across the blockchain ecosystem while maintaining full reserve backing and compliance with local regulations. PHPT is supported by a diversified reserve structure composed of fiat Philippine Pesos held in regulated banks within the Philippines, as well as on-chain assets such as USDT and USDC. These reserves ensure liquidity and stability, enabling the token to maintain its peg and support both on-chain swaps and off-chain settlements. The fiat component of the reserves provides a safeguard against market volatility and ensures users can redeem PHPT at its pegged value. The project was initially developed to simplify local digital payments and has since expanded its scope to include cross-border transfers, merchant payments, and remittance services. Its core objective is to create a secure and transparent bridge between traditional banking systems and blockchain-based applications, promoting greater adoption of digital financial infrastructure in the Philippines and among overseas Filipino communities. PHPT operates alongside PayGram, a cryptocurrency wallet that integrates directly with Telegram. PayGram enables users to store, transfer, and swap PHPT and other supported assets with ease, reducing the complexity typically associated with blockchain transactions. Through this integration, users can access financial services without the need for specialized hardware or external applications, making PHPT accessible to a broader audience. All fiat PHP reserves are maintained in highly liquid financial instruments, including Treasury bills and savings deposits, ensuring immediate accessibility and full backing of the circulating supply. Regular third-party attestations and blockchain-based transparency tools are planned to verify that the total amount of PHPT in circulation matches the value of reserves held. This structure reinforces user confidence and aligns with industry standards for collateralized stablecoins. PHPT is issued and redeemed through verified partners that follow KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. This ensures compliance with financial regulations and minimizes the risk of misuse. The project emphasizes responsible issuance, clear redemption mechanisms, and ongoing transparency with users and regulators. Designed for interoperability, PHPT supports deployment on multiple blockchain networks to ensure low transaction costs and efficient transfer speeds. Smart contracts governing PHPT issuance and redemption are built with a focus on auditability and security, and undergo periodic reviews to maintain operational reliability. The project’s leadership team includes professionals with backgrounds in information technology, finance, and business management. The initiative is co-founded by Luigi Menghini, who holds a degree in Information Technology and a Master’s in Business Management from the University of Economics in Pisa, Italy, and Ellard Chua, a Filipino entrepreneur experienced in peer-to-peer trading and business development. Their combined expertise supports PHPT’s mission of expanding access to digital peso transactions across multiple platforms. PHPT’s long-term vision is to contribute to the modernization of the Philippine financial system by providing a stable, fully backed digital currency that bridges the gap between fiat and blockchain economies. Through its transparent reserve model, secure technology, and focus on accessibility, PHPT seeks to enable efficient payments, remittances, and financial inclusion across both local and international markets.