Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers

Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers

Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay’s announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for the popular trading platform Robinhood to list shiba inu crypto has garnered more than 545K signatures.

Bitpay Now Supports Shiba Inu (SHIB)

Crypto payment service provider Bitpay announced Thursday that it now supports the meme cryptocurrency shiba inu (SHIB).

“Attention Shibarmy,” the company wrote, confirming that shiba inu coins are now available at Bitpay. “Now you can buy, store, swap, and spend with this Ethereum ERC-20 token directly in the Bitpay app,” the platform detailed. “Consumers can now pay and merchants can immediately accept shiba inu (SHIB) for payments,” the official Twitter account for Bitpay tweeted.

Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers

With the addition of shiba inu, Bitpay now supports 13 cryptocurrencies, including XRP. However, its website details that the cryptos that can be used to pay a Bitpay invoice are “bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), litecoin (LTC), shiba inu coin (SHIB), and 5 USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD).” Bitpay stressed, “We only accept ERC-20 coins on the ETH network.”

Newegg Announces SHIB Now Accepted for Payments, AMC Theatres to Follow

Two major retailers have been preparing to accept shiba inu through Bitpay: Newegg and AMC Theatres.

“Newegg and AMC Theaters have announced that they will be accepting shiba inu as a form of payment using Bitpay in the upcoming months,” Bitpay’s Thursday announcement notes.

However, the retail giant Newegg is not waiting. Soon after Bitpay’s SHIB announcement, Newegg tweeted that its platform now accepts SHIB for payments. Newegg is able to accept shiba inu fast because it already uses Bitpay to process cryptocurrency payments.

Bitpay Adds Shiba Inu Crypto as Petition to List SHIB on Robinhood Exceeds 545K Signers

As for AMC Theaters, CEO Adam Aron previously said that his company is expected to accept SHIB in the first quarter of next year.

Petition for Trading Platform Robinhood to List SHIB Now Has Over 545K Supporters

A petition on Change.org to list the shiba inu coin on the popular trading platform Robinhood has garnered 545,661 signatures at the time of writing.

There are rumors that Robinhood is considering listing SHIB. However, the platform has not made an announcement regarding shiba inu and the company’s chief operating officer said in November that the platform is in no hurry to add another crypto. “Our strategy is a little bit different than a lot of other players out there who are just racing the list as many assets as possible right now,” she stressed.

Meanwhile, more major cryptocurrency exchanges are listing shiba inu. Bitstamp listed SHIB Wednesday. Kraken and Gemini added support for SHIB in November. In addition, a crypto-friendly travel website Travala began accepting shiba inu for payments this week.

What do you think about Bitpay adding support for shiba inu? Do you think Robinhood will list SHIB soon? Let us know in the comments section below.

Crypto Exchange Bitstamp Lists Shiba Inu as SHIB Adoption Grows

Crypto Exchange Bitstamp Lists Shiba Inu as SHIB Adoption Grows

Another major cryptocurrency exchange, Bitstamp, has listed shiba inu cryptocurrency. Bitstamp users will be able to trade SHIB against the U.S. dollar and the euro. The announcement came as more trading platforms are listing shiba inu and more stores are accepting the meme crypto for payments.

Bitstamp Adds Support for Shiba Inu Crypto

Cryptocurrency exchange Bitstamp announced Wednesday that it has added support for four more cryptocurrencies, including the popular meme coin shiba inu (SHIB).

Besides SHIB, the three other cryptocurrencies added to the Bitstamp platform are dydx (DYDX), gala (GALA), and perpetual protocol (PERP). Users will be able to trade them against the U.S. dollar or the euro.

The London-headquartered exchange opened deposits and withdrawals for shiba inu Wednesday. Users “will be able to place and cancel limit orders” on Thursday, Bitstamp detailed, adding that “Order matching will start and trades will be executed normally” on the same day. The exchange clarified:

Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.

However, Bitstamp noted that “for the time being, these assets will not be available to our U.S. and Singapore customers. ”

Shiba Inu Crypto Adoption Rises

The adoption of the meme cryptocurrency shiba inu has been steadily rising. On Tuesday, the crypto-friendly travel website Travala announced that it has added SHIB as a payment method, allowing users to purchase over 3 million travel products with the meme crypto.

Retail giant Newegg recently announced that it will start accepting SHIB for payments on its platform this month while AMC Theaters said it will start accepting shiba inu in the first quarter. In November, two major crypto exchanges, Kraken and Gemini, added support for SHIB.

Supporters of the meme crypto have been petitioning on Change.org for the popular trading platform Robinhood to list SHIB but the company recently said that it is in no hurry to add another cryptocurrency to its platform.

What do you think about Bitstamp listing the shiba inu crypto? Let us know in the comments section below.

$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days.

$11 Billion Added to the Fiat-Pegged Token Economy

Stablecoins are definitely a prominent part of the crypto industry whether people like them or not. In ten days’ time, the entire stablecoin economy has grown 7.33% larger from $150 billion to today’s $161.2 billion.

Month after month, stablecoin markets have swelled, and the token tether (USDT) is the largest stablecoin in terms of market valuation. Statistics indicate that USDT has a market valuation of around $77.3 billion and its market cap grew 6.1% during the last month.

Usd coin (USDC) is the second-largest stablecoin today with a market valuation of around $41 billion. USDC’s market cap grew by a sizable 19.5% during the last 30 days. The aggregate of USDT and USDC combined is 4.75% of the entire crypto economy.

In terms of the stablecoin economy alone, the two tokens USDT and USDC command 73.21% of the aggregate $161 billion in fiat-pegged tokens. While tether captures most of the trade volume, USDC commands the third-largest stablecoin trade volume below BUSD.

Terra and Origin Stablecoin Issuance Balloons Over the Last Month

Terra’s stablecoin UST has seen the largest increase in the top ten stablecoin markets during the last 30 days, with its market cap growing by 190%. A month ago, Terra’s UST market cap was only $2.88 billion.

The algorithmic stablecoin UST has a valuation of around $8.3 billion today and $178 million in global trade volume. UST’s market capitalization is just below DAI’s $8.95 billion valuation. The Terra-issued algorithmic stablecoin is also above Abracadabra.money’s magic internet money (MIM) and its $3.7 billion market.

The yield-earning stablecoin origin dollar (OUSD) issued by Origin Protocol (OGN) has risen a whopping 721% during the last 30 days. OUSD has an overall market valuation of around $226.5 million and $2.7 million in trade volume. The stablecoin commands the 15th largest dollar-pegged digital asset valuation today.

Other stablecoins that saw notable 30-day movements include frax, pax dollar, and liquity usd. In addition to fiat-pegged tokens tied to the value of USD, a slew of stablecoins based on different fiat currencies, like the euro and Turkish lira, have seen significant 30-day growth as well.

What do you think about the stablecoin economy over the last ten days and UST and OUSD growth this past month? Let us know what you think about this subject in the comments section below.