PHT Stablecoin is a multi-chain, overcollateralized stablecoin pegged to the Philippine peso. It is designed to facilitate fast, low-cost remittances, on-chain payments, and programmable settlements across the Philippines and Southeast Asia. PHT adopts the time-tested overcollateralization model pioneered by MakerDAO’s DAI. Every PHT is minted by locking on-chain assets at a collateral ratio exceeding 100%, with issuance and liquidation fully managed by smart contracts.