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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <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>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
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

Coin Edition

Other articles published on Jul 8, 2024

Polkadot: Here’s why DOT’s price is all set to revisit $7

Bitcoin Exchange OKX Shares a New Altcoin Listing Announcement!

German Football Team's Euro Cup Exit Linked to Bitcoin Sale

MoonBag Meme Coin Presale Soars, Outdoing Slothana and Pepe Coin

Tron Gas-Free Stablecoin Sparks Debate with Launch on Ethereum and Tron Chains

The German Criminal Police Office (BKA) Has Distributed Around 8,000 BTCs Since 19th June!

Join our free newsletter for daily crypto updates!