Crypto.com Enables USDC Transfers on Polkadot Asset Hub, Partners With SpiderTrader in Brazil and Travel Wallet in Korea

• Asset Hub categorizes assets as “sufficient” or “non-sufficient,” affecting whether a recipient must hold a native balance.

• USDC and USDT are the first “sufficient” assets; other assets include ETH, wETH, KSM, and cross-chain assets via Snowbridge and the Polkadot <> Kusama bridge (Asset IDs 1337 and 1984 for USDC and USDT).

• Users should verify token authenticity before transfers, as assets can be named similarly and may be used to defraud.

Crypto.com expands cross‑chain access by enabling USDT and USDC transfers via Polkadot Asset Hub. This article explains how Asset Hub rules affect transfers, supported assets, and key partnerships today.

What is the Polkadot Asset Hub and how does Crypto.com’s integration work?

The Polkadot Asset Hub functions as a Layer 1 bridge within the Polkadot ecosystem for non-native assets, enabling transfers across parachains and through cross‑chain bridges. Crypto.com recently announced that deposits and withdrawals of USDT and USDC are now supported on the Asset Hub, integrating these stablecoins into Polkadot and Kusama via Asset Hub governance and transfer rules.

How does the Existential Deposit framework affect Asset Hub transfers?

On the Polkadot Asset Hub, assets are labeled as either sufficient or non-sufficient. A non-sufficient asset can only exist in an account that already holds the minimum native balance, known as the Existential Deposit (ED). For Polkadot, the ED is 0.01 DOT, while Kusama’s ED is 0.000003333 KSM — both ten times smaller than their Relay Chain EDs. Sufficient assets do not require any native token balance to be held. This framework governs whether a recipient must meet the ED threshold to receive an asset through the Asset Hub.

Frequently Asked Questions

What assets are supported on the Polkadot Asset Hub?

Initial support on the Asset Hub includes USDC and USDT as sufficient assets (identified by IDs 1337 and 1984, respectively). Other supported assets span Ethereum (ETH) and wrapped Ether (wETH), Kusama (KSM), and foreign assets bridged via Snowbridge and the Polkadot <> Kusama bridge. Users should verify token authenticity before transfers to avoid impersonation.

How does Crypto.com’s LATAM collaboration with SpiderTrader affect Brazilian traders?

The integration with SpiderTrader makes Crypto.com’s trading engine accessible within SpiderTrader’s Brazilian interface, giving thousands of regional retail traders easier access to Crypto.com’s tools and liquidity. This partnership supports localized onboarding, enhances cross-border trading options, and aligns with Crypto.com’s strategy to broaden regional crypto adoption in LATAM.

Key Takeaways

• Cross‑chain liquidity expansion: The Polkadot Asset Hub enables direct transfers of non-native assets like USDT and USDC across Polkadot and Kusama, expanding cross-chain activity for users and developers.
• Asset rules matter: Existence of Energetic Deposits and asset categorization (sufficient vs non-sufficient) determine when a native balance is required for transfers.
• Regional and cross‑platform partnerships: Crypto.com’s Latin America collaboration with SpiderTrader and ongoing Asia-Pacific activity underscore a broader growth strategy in key markets.

Conclusion

The integration of USDT and USDC deposits and withdrawals via the Polkadot Asset Hub marks a significant step in Crypto.com’s effort to deepen cross‑chain liquidity and regional expansion. By highlighting Asset Hub asset classifications, native balance requirements, and strategic partnerships, the company positions itself to support more efficient cross‑border and cross‑token activities while emphasizing token authenticity and user safeguards. As the ecosystem evolves, traders should monitor Asset Hub developments and verify tokens before transacting to navigate the expanding Polkadot ecosystem effectively.