IMPORTANT POINTS:
- Binance has listed Shiba Inu among 22 new assets for lending and collateral in its Flexible Lending and VIP Lending services.
- Acceptance of the Shiba Inu as collateral may attract more serious investors.
- To demonstrate its seriousness and growth aspirations, Shiba Inu plans to integrate Digital Identity Verification into all of its future developments.
Binance, one of the most relevant players in the cryptocurrency market, has made a significant move by adding 22 new assets, both for lending and collateral, to its Flexible Lending and VIP Lending services. Among these new assets is Shiba Inu, a meme-inspired cryptocurrency.
This is a fundamental advance for Shiba Inu, as it strengthens its position in the cryptocurrency market.
The Rise of the Shiba Inu As Collateral
Binance’s decision to accept Shiba Inu as collateral is especially relevant, as it implies that the cryptocurrency exchange recognizes Shiba Inu’s market potential and increases confidence in its liquidity. This could be a crucial step towards the adoption of SHIB as a legitimate asset in the broader arena of cryptocurrency and decentralized finance (DeFi).
In parallel, this recent development has fueled speculation about the possibility of Bone ShibaSwap (BONE) tokens being listed on Binance. This rumor coincides with the expected launch of the second layer blockchain, Shibarium, scheduled for this month. If this happens, it could improve the visibility and credibility of SHIB and BONE.
It is important to mention that Binance’s announcement on August 4 did not only involve Shiba Inu. Other notable assets include Compound and Theta, demonstrating the platform’s commitment to constantly expanding its offering to meet the needs of diverse cryptocurrency investors.
Impact on the Future of SHIB
The implications for Shiba Inu following this announcement are significant. It is a key indicator of the transformation of the currency, from its origin as a meme to becoming a legitimate financial asset in the crypto world.
In particular, the acceptance of SHIB as collateral could attract more serious investors, which could impact its price and market capitalization in the long term. This assumption is furthered by the possible listing of the BONE token on Binance, subject to the successful launch of the Shibarium mainnet.
As previously revealed by lead developer Shytoshi Kusama, Shibarium is expected to launch in August. This makes listing BONE on Binance a real possibility. If realized, it could further strengthen Shiba Inu’s position in the market, making it a cryptocurrency to watch in the crypto world.
Further demonstrating Shiba Inu’s seriousness in becoming more than just a meme coin, Kusama indicated that the Shiba Inu project, Shibarium, will integrate Digital Identity Verification into all of its future developments.
The lead developer highlighted:
“We are laying the groundwork for a new global standard in decentralized digital trust and international identity verification. In this sense, Shibarium is the harbinger of a new digital era in which trust in systems is restored and improved.”
