New Era

2024

Ronin

Axie Infinity

<ul class="news-points">
 <li>PHPC is live, pegged 1:1 with the Philippine Peso.</li>
 <li>Coins.PH backs PHPC with a strong financial reserve.</li>
 <li>PHPC to facilitate real-world transactions for gamers.</li>
</ul>
Ronin Network, the blockchain behind the popular <a href="https://coinedition.com/3-tokens-under-25-to-buy-for-massive-future-gains-retik-finance-retik-polkadot-dot-and-axie-infinity-axs/" rel="noopener noreferrer nofollow">Axie Infinity game</a>, is <a href="https://t.co/wNAWuCJdsO" target="_blank" rel="noopener noreferrer nofollow">launching PHPC</a>, a stablecoin pegged to the Philippine Peso. This marks a significant step in expanding cryptocurrency adoption in the Philippines, particularly within the gaming community.
As an ERC-20 token, one PHPC is equivalent to one Philippine Peso, promising a stable and reliable digital currency option for users. This development follows the Bangko Sentral ng Pilipinas’ (BSP) approval for <a href="http://coins.ph" target="_blank" rel="noopener noreferrer nofollow">Coins.ph</a> to pilot a similar stablecoin, PHPC, earlier this year.
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 PHPC is LIVE on Ronin! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f5-1f1ed.png" alt="🇵🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> The stable coin of the Philippines has arrived <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> • 1 PHPC ≈ 1PHP⁰• Approved by the Bangko Sentral ng Pilipinas⁰• Supported by <a href="https://twitter.com/coinsph?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@coinsph</a> Full announcement <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4dc.png" alt="📜" class="wp-smiley" style="height: 1em; max-height: 1em;"> : <a href="https://t.co/wNAWuCJdsO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/wNAWuCJdsO</a> <a href="https://t.co/C4IsbreU2V" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/C4IsbreU2V</a>— Ronin (@Ronin_Network) <a href="https://twitter.com/Ronin_Network/status/1810208357627965506?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
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Coins.PH, a leading Filipino crypto exchange regulated by the Bangko Sentral ng Pilipinas, backs the liquidity of PHPC with a significant reserve pool of cash and other traditional financial instru…
The post <a href="https://coinedition.com/coins-ph-and-ronin-network-launch-phpc-a-new-era-for-philippine-crypto/" rel="noopener noreferrer nofollow">Coins.ph and Ronin Network Launch PHPC: A New Era for Philippine Crypto</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Coins.ph and Ronin Network Launch PHPC: A New Era for Philippine Crypto

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Philippines’ stablecoin PHPC debuts on Ronin sidechain

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