TL;DR:
Crypto.com has expanded its stablecoin offerings by enabling USDT and USDC deposits and withdrawals via the Polkadot Asset Hub, aiming to reduce transfer costs and improve accessibility. Users can now transact stablecoins directly through Polkadot’s specialized parachain, which supports non-native tokens and NFT creation via smart contracts.
The Asset Hub functions as a Layer 1 bridge for decentralized asset management, helping token issuers and DeFi platforms manage assets more efficiently. This integration follows Binance’s recent Polkadot migration to the Asset Hub and marks a step forward for cross-chain functionality within the ecosystem.
The Asset Hub classifies assets as either sufficient or non-sufficient, determining whether an account needs a native token balance. For Polkadot, the Existential Deposit (ED) is 0.01 DOT, while Kusama’s ED is 0.000003333 KSM. USDC and USDT are the first sufficient assets on the Asset Hub, with asset IDs 1337 and 1984.
Users are advised to verify token authenticity before transactions due to potential fraud risks. Other available assets include Ethereum (ETH), wrapped Ether (wETH), Kusama (KSM), and foreign assets transferred via Snowbridge and the Polkadot-Kusama bridge, providing broader cross-chain flexibility.
Beyond technology, Crypto.com has strengthened its global presence through regional partnerships. In Brazil, it integrated with SpiderTrader, the first fully integrated broker in the country, granting access to Crypto.com’s trading engine on SpiderTrader’s platform.
In South Korea, a Memorandum of Understanding with Travel Wallet will launch a co-branded prepaid card and integrate Crypto.com’s crypto-as-a-service technology. The collaboration also promotes KRW-denominated stablecoins and improves cross-border payments, highlighting the exchange’s focus on both retail adoption and institutional efficiency.
The company continues to expand its influence in the Asia-Pacific region as the official crypto payments partner for the upcoming APEC CEO Summit Korea 2025. The event in Gyeongju will convene executives, policymakers, and key opinion leaders to discuss digital innovation, artificial intelligence, and economic trends.
Crypto.com’s combined technological and regional initiatives underscore a strategy to lower transaction costs, enhance cross-border payments, and position the platform as a global leader in stablecoin adoption and decentralized finance.
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