SHIB Surpasses USDC In Cryptocom Assets Reserves
According to CoinMarketCap.com, SHIB has surpassed USD-pegged Circle and Coinbase stablecoin USDC to become the third-largest asset in Crypto.com’s digital asset reserve.
Crypto.com currently holds $3.79 billion in digital assets as financial reserves, with SHIB accounting for more than 18%, or $677 million, compared to USD Coin (USDC) holdings of $453.59 million.
Meanwhile, Bitcoin (BTC) remains the top cryptocurrency on Crypto.com, with $976.44 million, followed by Ethereum, which has $809.60 million in Crypto.com holdings.
The 119th largest ETH Whale, dubbed “BlueWhale0068,” purchased $91.95Bn Shiba Inu tokens worth $1.16M yesterday.
Furthermore, in the midst of recent developments, Shiba Inu has achieved significant recognition by being included in the world’s top ten largest cryptocurrencies by market capitalization, excluding stablecoins. Simultaneously, according to a study conducted by Cryptomeister, a digital asset education resource, Shiba Inu (SHIB) has taken fourth place among the most frequently searched cryptocurrencies in the United States.
(With inputs from Shikha Singh)
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