Crypto.com, a leading cryptocurrency exchange, has entered into a partnership with PayPal, making it the preferred marketplace for the newly launched stablecoin, PayPal USD (PYUSD).
This collaboration has resulted in the introduction of new trading pairs on the Crypto.com platform, offering users the opportunity to trade popular cryptocurrencies against PYUSD. Additionally, there is speculation about the potential addition of Shiba Inu (SHIB) and its layer-2 scaling solution, Shibarium, to Crypto.com’s offerings.
Trading Pairs with PYUSD
Crypto.com has announced that its users can now trade several cryptocurrencies against PYUSD. The trading pairs include Ripple’s native token, XRP, the renowned memecoin Dogecoin (DOGE), and the high-performance blockchain project Solana (SOL).
Additionally, PYUSD, a stablecoin backed by Paxos Trust Co., maintains a fixed value relative to the US dollar, providing users with stability in their trading activities.
Speculation About SHIB Inclusion
Moreover, Shibarium’s Marketing Strategist, known as LUCIE, has pointed out that Crypto.com has already listed popular memecoins like Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH).
In light of this, LUCIE has suggested that Crypto.com could further expand its offerings by incorporating SHIB-related assets or expressing support for Shiba Inu’s layer-2 scaling solution, Shibarium.
In addition, Shibarium launched at the end of August with aim of enhancing the Shiba Inu memecoin’s competitive edge in the market. It also seeks to achieve this by improving transaction speed and reducing associated fees, making it a more efficient and cost-effective solution for users.
Furthermore, Crypto.com’s partnership with PayPal has brought forth new trading pairs involving PYUSD, allowing users to trade XRP, DOGE, and SOL with increased stability. Moreover, the potential addition of SHIB-related assets or support for Shibarium indicates the exchange’s commitment to providing a diverse range of cryptocurrency offerings to its user base, further expanding its role in the crypto ecosystem.