Shiba Inu is preparing an algorithmic SHI stablecoin

Shiba Inu is preparing an algorithmic SHI stablecoin

Shiba Inu lead developer Shitoshi Kusama wrote a review on Medium about the SHI stablecoin and the project’s prospects.

The expert started with a technicality: he said that recent failures have caused serious concerns for the team. But they hope that the Shiba Inu project will avoid such problems, because they use their own independent algorithm protocol.

Why They Need Stablecoin

The developers need Stablecoin Shi to “balance payments where market fluctuations would be inappropriate.” They will reveal the details later. If the project progresses well, the SHI stablecoin will hit the market as early as this 2022.

In the article, Kusama announced the release of TREAT tokens, which will be used in bonus programs as well as to balance SHI.

Big changes at Shiba Inu

The Shiba community recently announced that their Layer 2 Shibarium project is nearing completion. They will launch a testnet this month.

According to Shitoshi Kusama’s announcements, transactions in Shibarium will last a few seconds and will cost “pennies”. Moreover, Shibarium will be a bridge between different blockchains, and developers can use it as a hackathon platform.


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