Shiba Inu Executive Launches SHI Stablecoin, SHIB Price Rises 13%
On Thursday, September 26, Lucie, Shiba Inu's marketing head, revealed vital SHI stablecoin facts on X. Shiba Inu enthusiasm drove the SHIB price up over 13% after the news. The SHI stablecoin improves the Shibarium blockchain network's stability and usability.
Lucie of Shiba Inu reveals SHI Stablecoin specifications
Lucie said that the SHI stablecoin “is a crucial development within the Shib ecosystem, currently in the works and not yet released.” She says its launch would “significantly enhance the Shibarium network,” a Layer-2 blockchain that promises to speed up and scale Shiba Inu transactions.
Ryoshi, Shiba Inu's unknown creator, launched SHI in 2021. SHI is a reliable, decentralized money for Shibarium. The stablecoin's price stability mechanism is currently being developed, however it was originally pegged at $0.01.
SHI Stablecoin: Shibarium Ecosystem Stability and Utility, Key Development
The SHI stablecoin, presently under development, is important to the Shib ecosystem. The inclusion is anticipated to considerably improve Shibarium... pic.twitter.com/UyrJgnYR45
Lucie said that “the specific mechanism for achieving this peg has not been determined.” Currently, Shiba Inu community debates concentrate on collateral solutions to retain its value.
Shiba Inu developers Shytoshi Kusama and Kaal Dhairya supervise its development, Lucie said. SHI will be rigorously tested before launch. “The project team is adopting a cautious strategy, learning from other stablecoins to ensure SHI is secure and sustainable,” she stated.
List of SHIB Ecosystem Benefits
Lucie describes the SHI stablecoin's potential advantages to the Shiba Inu ecosystem. She said SHI would give a stable value, allowing consumers to deal without crypto concerns.
“A stablecoin can attract users who may be hesitant to engage with more volatile crypto,” she said. The announcement of SHI's development boosted SHIB pricing. On Thursday, Shiba Inu rose 12.43% to $0.00001712
