Through their marketing lead, Lucie, the Shiba Inu team has provided new details about developing the much-anticipated SHI stablecoin. Initially conceptualized by the mysterious SHIB creator Ryoshi, SHI is intended to be a stable and decentralized currency that will play a crucial role in the Shiba Inu ecosystem. According to Lucie, SHI is still in the works and has not yet been released, though the community is eager for its launch.
Lucie added that SHI will bring Equilibrium to the financial aspect of the system and act as a solid means of exchange. However, she also pointed out that Ryoshi initially aimed at fixing the price of SHI at $ 0.01, and whether this strategy has already been developed is still under debate. The team behind its development is actively looking for suitable collaterals to achieve the goal of an efficient and stable peg for the SHIB token.
The post "SHIB Team Shares Update on SHI Stablecoin Development and Potential Release Date" first appeared on 36crypto.com News.
