Coins.ph and Ronin Network Launch PHPC: A New Era for Philippine Crypto
- PHPC is live, pegged 1:1 with the Philippine Peso.
- Coins.PH backs PHPC with a strong financial reserve.
- PHPC to facilitate real-world transactions for gamers.
Ronin Network, the blockchain behind the popular Axie Infinity game, is launching PHPC, 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 Coins.ph to pilot a similar stablecoin, PHPC, earlier this year.
PHPC is LIVE on Ronin!
— Ronin (@Ronin_Network) July 8, 2024
The stable coin of the Philippines has arrived
• 1 PHPC ≈ 1PHP⁰• Approved by the Bangko Sentral ng Pilipinas⁰• Supported by @coinsph
Full announcement: https://t.co/wNAWuCJdsO pic.twitter.com/C4IsbreU2V
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 Coins.ph and Ronin Network Launch PHPC: A New Era for Philippine Crypto appeared first on Coin Edition.
