{"id":33784,"date":"2024-07-08T11:36:35","date_gmt":"2024-07-08T11:36:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/phpc-stablecoin-arrives-on-ronin-network\/"},"modified":"2024-07-08T11:36:35","modified_gmt":"2024-07-08T11:36:35","slug":"phpc-stablecoin-arrives-on-ronin-network","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/phpc-stablecoin-arrives-on-ronin-network\/","title":{"rendered":"PHPC Stablecoin Arrives on Ronin Network"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The Ethereum-based stablecoin PHPC has been added to the Ronin network by Coins.ph, a cryptocurrency exchange based in the Philippines. This is a big step forward for local blockchain players since it enables them to use their in-game earnings and funds for domestic real-world transactions.<\/p>\n<p>On July 8, Ronin announced the incorporation of PHPC in a blog post. In the near future, Katana, a decentralized exchange on the Ronin network, will also support the stablecoin. This action intends to improve the usefulness of <a href=\"https:\/\/igaming.org\/crypto\/coins-ph-set-to-pilot-stablecoin-in-philippines-remittance-epicenter\/\">PHPC for the Philippine<\/a> gaming community, albeit no deadline was given. The Philippines is still <em>\u201cone of the biggest sectors of the Axie and Ronin community,\u201d<\/em> Ronin noted, adding the advent of PHPC will give sidechain participants additional use cases.<\/p>\n<p>Moreover, the integration facilitates international transactions within the gaming community. As Ronin noted, <em>\u201cManagers and guild leaders from other countries will also be able to send PHPC to their scholars, making it easier to transfer funds and process payouts.\u201d<\/em><\/p>\n<h2><strong>Stablecoin Backed by the Philippine Peso<\/strong><\/h2>\n<p>The PHPC currency, created by Coins.ph, is fixed at a 1:1 ratio to the Philippine Peso. By providing PHPC with a reserve pool that is backed by cash and other conventional financial instruments, Coins.ph guarantees the stability of PHPC. Because of this support, the stablecoin\u2019s value is assured, making it a dependable medium of exchange inside the Ronin ecosystem.<\/p>\n<p>Beyond just development, Coins.ph aggressively promotes PHPC\u2019s liquidity. Through upkeep of a reserve pool, they guarantee the stability and reliability of PHPC for users. For players that depend on PHPC for both in-game and offline transactions, this consistency is essential.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/phpc-stablecoin-arrives-on-ronin-network\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The Ethereum-based stablecoin PHPC has been added to the Ronin network by Coins.ph, a cryptocurrency exchange based in the Philippines. This is a big step forward for local blockchain players since it enables them to use their in-game earnings and funds for domestic real-world transactions. On [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":33785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33784"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33784"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33785"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}