The Shiba Inu team has announced a plan to launch its crypto stablecoin, SHI. SHI is designed to be pegged at $0.01, offering a reliable value for transactions and limiting price manipulation risks.
Watcher Guru
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Shiba Inu: SHIB to Launch Crypto Stablecoin
Jaxon Gaines
Jaxon Gaines
September 27, 2024
shiba inu $0.1 price mark
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The Shiba Inu team has announced a plan to launch its crypto stablecoin, SHI. SHI is designed to be pegged at $0.01, offering a reliable value for transactions and limiting price manipulation risks.
“The SHI stablecoin is a crucial development within the Shib ecosystem, currently in the works and not yet released,” Lucie of the SHIB team wrote in a post to X. “Its introduction is expected to significantly enhance the Shibarium network.”
The announcement went on to reveal that SHI will serve as a foundational asset in DeFi applications. It aims to bring in more investors by facilitating lending, borrowing, and yield farming within the Shibarium network. The team added that utilizing a stablecoin like SHI can lead to more secure and predictable transactions, and empower the SHIB community by allowing users to maintain value within the ecosystem.
