From Left to Right: Jonathan Lizarondo , Charles Inducil , Raymond Babst , Marcus Koh , Dr. Jae Jeong Direct Agent 5, Inc. , one of the Philippines’ largest Western Union Agents in the country and the only Money Service Business offering a diverse range of services, from remittances, Foreign and Crypto exchange, and e-money facilities, proudly announces its partnership with Gurufin.
On August 9, 2023, in a landmark signing event, both corporations unveiled their collaborative venture: the PHMU stablecoin. PHMU offers unparalleled stability and security backed by a 1:1 Philippine Peso. Unique in its construction, the PHMU operates on its own Layer 1 chain, setting it apart in the fintech sphere by providing consistent transaction costs, insulated from the volatile gas fees associated with other primary chains such as ETH or BTC.
Source: News Formal (newsformal.com)
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