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Ronin Network Integrates Philippines’ First Regulated Stablecoin PHPC
The Ronin Network, an Ethereum sidechain created by Sky Mavis, has announced the integration of PHPC stablecoin on its platform. This development is part of a partnership with Coins.ph, a leading Filipino crypto trading platform, as announced by Ronin.
Coins.ph supports 18 million user accounts, with 7 million monthly active users. This covers around 6% of the Philippines’ 116 million population. The exchange will maintain PHPC liquidity with a reserve pool of cash and other traditional financial instruments, ensuring the stablecoin’s stability.
Notably, PHPC is the first Philippine peso-pegged stablecoin approved by the Bangko Sentral ng Pilipinas (BSP), the country’s Central Bank, in May. It was initially launched on Coins.ph, with plans to extend its availability to other platforms for retail use. The primary aim of this stablecoin is to facilitate more affordable remittances, a cr
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