I think it is just a rumor. But if this gossip is possible also to become true because Manny Pacquiao is a rich person. In fact, he has many assets and properties. It is normal for him to make his own coin as long as he can manage it.

In my opinion, it is not a good idea since he is a Senator of the Philippines and he cannot do two things simultaneously specially that he cannot leave the boxing ring. I think he cannot focus on his ICO whenever he conduct it.