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Coins.ph Explores Circle Arc Public Testnet for PHPC Stablecoin Ecosystem
Coins.ph, the Philippines' leading digital asset platform, today announced its participation in the Arc public testnet, a new open, enterprise-grade Layer-1 blockchain network launched by a subsidiary of Circle Internet Group, Inc. (NYSE: CRCL). Through participation in the Arc public testnet, Coins.ph will explore how its Philippine Peso-pegged stablecoin, PHPC, can be deployed across the network. This potential move, subject to obtaining all necessary regulatory permits and authorizations, underscores Coins.ph’s commitment to leveraging best-in-class infrastructure to drive financial innovation in a fully regulated manner. Having successfully completed the Bangko Sentral ng Pilipinas Regulatory Sandbox Framework in June 2025, Coins is now preparing to initiate the formal application process to increase minting capacity, and expand its use for cross-border remittances and high-volume transactions. "We are continuously evaluating technologies that can enhance the utility and efficiency of PHPC for all Filipinos," said Wei Zhou, CEO of Coins.ph. "Arc Public Testnet presents a compelling environment to explore how we can further reduce the cost and increase the speed of remittances. Our goal is to build the next wave of local Web3 financial services on a foundation of robust and user-centric technology." How does Arc benefit PHPC and Filipinos The potential participation in the Arc Public Testnet would allow Coins.ph to test PHPC in an enterprise-grade environment, focusing on key benefits for overseas Filipinos such as improving cross-border remittances and enabling new financial applications. Arc’s design incorporates specialized infrastructure for stablecoin swaps and FX liquidity, potentially offering a pathway to explore mechanisms that could lead to near-instant, 24/7 cross-border transfers and a significant reduction in transaction costs for millions of Filipinos, particularly Overseas Filipino Workers. Beyond remittances, the Arc network's EVM-compatible architecture provides the ideal platform for Coins.ph’s developers to experiment with new decentralized finance (DeFi) applications and Web3 services, building novel use cases on the foundation of a stable, local digital currency. Coins.ph is actively engaged with regulatory bodies and remains dedicated to securing the approvals that would allow PHPC to formally participate in and help build the future of the internet economy. About Coins.ph Coins.ph is an all-in-one financial app for millions, seamlessly fusing traditional finance with digital assets. Established in 2014, it stands as the Philippines' premier cryptocurrency exchange. Licensed by the BSP as both a virtual asset marketplace and a mobile wallet, the platform empowers users to trade, execute payments, and utilize crypto remittance for sending and receiving funds quickly and affordably, all in one secure place.
User Advisory on $RUNECOIN Delisting
Coins.ph will be delisting the $RUNECOIN token from its platform effective November 11, 2025. Users holding $RUNECOIN are strongly encouraged to review the following schedule and take action before the final delisting date to avoid any issues. November 4 (3:00 PM PHT): $RUNECOIN deposits will be disabled, across all Coins.ph channels. Any $RUNECOIN sent to your Coins.ph deposit address (from external wallets or exchanges) after this time will not be credited and may result in the permanent loss of funds. Users are strongly advised not to attempt to deposit $RUNECOIN after this cutoff. November 10, (3:00 PM PHT): The buy button for $RUNECOIN will be disabled on both the app and web portal. You will no longer be able to buy or convert other cryptocurrencies into $RUNECOIN. November 11 (3:00 PM PHT): The $RUNECOIN token will be fully delisted and the sale of the token will no longer be available on Coins.ph What you can do if you’re holding $RUNECOIN tokens To avoid any loss of funds, Coins.ph strongly advises all users holding $RUNECOIN tokens to take one of the following actions before the delisting date: 1. Sell/Convert Your $RUNECOIN: You can exchange your $RUNECOIN for PHP by selling it or convert it to any other supported crypto on the platform. 2. Withdraw to an External Wallet: If you wish to keep your $RUNECOIN tokens, withdraw them to a personal wallet or another exchange where the token is listed. Tokens remaining in your Coins.ph wallet after delisting can still be withdrawn until a final deadline is announced. We appreciate your cooperation throughout this process.
User Advisory on Solana Network ($AI16Z)
We’d like to let you know about an important update regarding the Solana Network ($AI16Z) token on Coins.ph. The $AI16Z token will soon be rebranded and migrated to the new $ELIZAOS token. Here’s what you need to know: Key Dates: * November 7, 2025 - 8:00 AM PHT: * $AI16Z token Convert Buy and Sell Trading will be disabled, * $AI16Z Deposits and Withdrawals will be disabled. * $AI16Z P2P Transfers will be disabled. * November 7 – November 14, 2025: * Between these dates, a system-initiated 1:6 swap will be carried out, converting all $AI16Z tokens in Coins.ph accounts to the newly rebranded $ELIZAOS token. Users will see a admin withdrawal of their $AI16Z along with a admin deposit of $ELIZAOS during the system-initiated swap. Coins.ph will make a separate announcement for the opening of convert trading, P2P transfer, and deposit & withdrawal for $ELIZAOS.The swap will be handled automatically for all $AI16Z held in Coins.ph accounts before the cutoff. No manual action is needed from users. If you have any questions or need further support, please don’t hesitate to reach out. We're here to help.Thank you for choosing Coins.ph.
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