Philippine Stablecoin PHPC is now available on Ronin
Odaily2024/07/08 08:06
By:Odaily
Odaily News Ronin posted on X platform that the Philippine stablecoin PHPC is now available on Ronin Network, with technical support from Philippine crypto trading platform Coins.ph. Earlier in May, the Central Bank of the Philippines approved the stablecoin PHPC pegged to the Philippine peso, aiming to promote cost-effective remittances. PHPC is backed by cash and equivalents from Philippine banks and will initially be launched on the Coins.ph platform with plans to expand to other platforms. PHPC will be a peso-backed stablecoin that can be used for retail purposes, providing real-time transactions around the clock.
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