Ronin Network Introduces PHPC Stablecoin to Boost Filipino Crypto Adoption

Ronin Network Integrates Philippine Peso-Pegged Stablecoin PHPC
The Ronin Network has integrated PHPC, a Philippine peso-pegged stablecoin, into its platform. This collaboration with Coins.ph, a leading Philippine crypto trading platform, aims to facilitate affordable remittances following its approval by the Central Bank of the Philippines (BSP) in May. PHPC, backed by cash and equivalents from Philippine banks, ensures its stability and reliability.
PHPC is fully regulated and will be piloted under BSP’s Regulatory Sandbox Framework. This stablecoin marks a significant milestone for Ronin, becoming the second stablecoin on the platform alongside USDC. Its introduction reflects the Philippines’ growing influence in blockchain gaming, especially through Sky Mavis’ popular Axie Infinity game.
Deposits and withdrawals for PHPC are now active on Coins.ph and the Ronin Wallet. Future plans include listing PHPC/RON on Katana, a Ronin-based decentralized exchange, and expanding PHPC’s availability to other platforms for 24/7 real-time transactions.
The Philippine crypto market is under increased regulatory scrutiny, with the National Telecommunications Commission (NTC) restricting access to unlicensed crypto trading platforms. This action, prompted by the Securities and Exchange Commission (SEC), aims to protect investors and combat illicit activities.
Additionally, Ronin has released version 2.4.0 of its Mobile Wallet for iOS and Android, featuring custom RPC, gas fee, and nonce settings, manual NFT addition, and a single-chain mode, enhancing user flexibility and platform performance.