What is Shiba Inu / United States Dollar (SHIBUSD)?
Shiba Inu / United States Dollar (SHIBUSD) is a spot cryptocurrency trading pair on Coinbase, priced in US dollars. It tracks the value of Shiba Inu, an Ethereum-based meme token, against the US dollar. As a spot market, it reflects the direct exchange rate between the two assets rather than a derivative or futures contract. TradeSearcher has run over 2,500 backtests on SHIBUSD using historical data going back to 2021.