Is Ronin on ERC20?

Could you please clarify whether the Ronin network is built on the ERC20 standard? ERC20 is a widely adopted technical standard for tokens issued on the Ethereum blockchain, and it's crucial to understand the underlying infrastructure of any cryptocurrency or token. Given the significance of this information for investors and developers, I'm eager to know if Ronin has chosen to utilize the ERC20 standard for its operations. Clarifying this point would help provide valuable insights into the technical foundations of Ronin and its potential integration with other ERC20-compatible systems.