Philippine Peso stablecoin PHT is now live on MEXC, and airdrop event of $65,000 will be launched

ChainCatcher news, stablecoin operator APACX announced that its incubated Philippine Peso stablecoin PHT (1:1 pegged to the Philippine Peso) will officially launch on the MEXC exchange today at 15:00, becoming the first Southeast Asian regional stablecoin to be listed on the platform.

The launch of PHT aims to provide global users with a stable and highly liquid digital asset, seamlessly connecting to the rapidly growing economic ecosystem of the Philippines.

To celebrate the launch, APACX and MEXC have jointly launched a $65,000 airdrop event to incentivize users to participate in the early ecosystem development of PHT, enhancing platform liquidity and community engagement.

This collaboration marks a significant breakthrough for Southeast Asian stablecoins on mainstream trading platforms and is expected to further promote the development of digital finance in the region.