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Search phrases answered
Search phrases this guide answers
These are common ways a reader may search for the same Philippines stablecoin, PHP, dollar, remittance, account, or disclosure question.
Direct answer
A stablecoin glossary helps beginners avoid expensive mistakes. Before using any crypto on-ramp Philippines residents should understand terms such as spread, network fee, custody, KYC, wallet address, blockchain network, cash-out, and peg risk.
Core terms
- Stablecoin: a crypto asset designed to track another asset, often USD, but not guaranteed to stay at one dollar.
- Spread: the hidden difference between the buy quote and a reference market price.
- Network fee: the blockchain fee paid to move tokens between addresses.
- Custody: who controls the account or wallet keys that can move the asset.
- Cash-out: the route used to convert crypto back to PHP, USD, or another usable balance.
Why terms matter
Most losses come from misunderstanding the route: wrong network, unsupported address, unexpected spread, delayed cash-out, or platform restrictions. Learn the terms before registering or sending funds.
Official sources to check
Use these sources as a starting point before you trust a platform, exchange rate, or marketing claim.
Frequently asked questions
What is a stablecoin peg?
A peg is the target value a stablecoin tries to track, such as one US dollar. A peg can weaken during market stress or redemption problems.
What does self-custody mean?
Self-custody means you control the private keys or seed phrase. It gives more control but also makes mistakes harder or impossible to reverse.
What is KYC?
KYC means Know Your Customer. Platforms use identity checks to meet compliance requirements before allowing certain deposits, trades, or withdrawals.