Sperax (SPA) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Sperax is a blockchain technology offering stablecoins to users along with high performance and security on the platform. Their aim is to emerge in the market to offer solutions to the users. Stablecoins are coins that are backed by another asset like government-issued currency, gold, etc. Users can attain more stablecoins on the platform by locking the collateral in the ecosystem and burning SPA tokens. SPA is the governance token of the Sperax ecosystem, it is a DeFi protocol built on Arbitrum that mints Sperax USD – a stablecoin featuring ‘auto-yield’ generation. SPA tokens must be staked in order to participate in the Sperax DAO.
Crypto.com App users can now purchase SPA at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.