Random Thoughts: What If? Most stablecoins are based on or pegged to the US dollar. At the same time, there are stablecoins based on the country's currency, such as IRS (Indonesian Rupiah Stablecoin), ITL (Italian Lira Coin), JPYC (Japanese Yen Stablecoin), and many more. What if there's a PHP (Philippines Peso) Stablecoin pegged to 1 PHP. Note: Philippines is one of the emerging crypto countries, and Filipino exchange their coins/tokens for stablecoin. It can also be used as payment for government, public, and private transactions. My friend told me that it will be up to the Filipinos to support or not the PHP Stablecoin, which he believes will be determined by many factors such as the PH Government x BSP, non-crypto users, adaptation, and so on. Note 2.0: Some investors stated that "stablecoins aren't stable" P.S I will create a coin/token named Kikiam and Fishball and pegged to 1 PHP and 0.50 cents, respectively. ahaha xD
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it is possible but with all factors you mention, it will be so hard.. and your coin of token kikiam and fishball will definitely get a high demand hahaha coz we love street foods hahaha.. good luck :)