《Shiba Inu executives hint that stablecoin SHI will compete with USDT》

Shiba Inu is about to launch the stablecoin SHI. Although the specific timetable has not been announced, it has aroused community excitement. The token was originally proposed by founder Ryoshi in 2021 and is still under development and testing. Unlike other stablecoins, SHI plans to be pegged to $0.01. The community is discussing collateral options to support the peg, and the mechanism has not yet been determined. The development team is cautiously advancing, learning from the shortcomings of other stablecoins, with the goal of making SHI safer and more sustainable, integrating it after the infrastructure is ready to enhance the stability and practicality of Shibarium, provide price stability, support lending and yield farming, attract more users, increase the SHIB burn rate, and drive up the price of Shiba Inu. Similar to Shiba Inu, Ripple Labs is also working on implementing the stablecoin RLUSD pegged to the US dollar, but some people are worried that it will cause regulatory issues.