Shiba Inu Plans To Issue Stablecoin SHI, TREAT Reward Token In 2022

The developer behind the SHIB meme yesterday hinted at his plans to expand the Shiba Inu ecosystem with a stablecoin, TREAT reward token, and a collectible card game.

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Shiba Inu (SHIB) lead developer, Shytoshi Kusama has released a new update to the meme-coin community regarding his plans to launch stablecoins and rewards tokens.

According to Kusama, stablecoin SHI will not be affected by market fluctuations.

He acknowledged that there are legitimate concerns about stablecoins following the Terra UST (USTC) crash. But according to him, the version of SHI that is currently under development avoids all the problems of projects like Terra (LUNA).

“As for SHI, we have seen independent development from a group of developers in our decentralized network. They have submitted a version of SHI that seems to avoid the issues found in other moonshots.”

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The developer added that stablecoin SHI will be available this year if everything goes as planned. In addition, Kusama said that a new token, TREAT, will join the Shiba ecosystem. TREAT will act as a reward token for everyone in the SHIB ecosystem, while the BONE token will be a reward token for validators in Shibarium.

In addition, a limited amount of TREAT will be distributed to loyal Shiba Inu members who have been involved in the project during all these prosperous and challenging months. Kusama concluded that the new token will benefit the Shiba Inu ecosystem and support its complete decentralization.

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The blog article also featured information about Shibarium, a layer-2 network that has been in development for some time. The project’s chief developer stated that fresh developers are working on it, but no timetable for its release has been set.

The developer said that the plans to establish a metaverse had struck a minor block, but that it had been rectified, and that “the team is still dedicated to building the best MV on the planet.” Kusama also teased a new collectible card game being created by Playside and Shiba Games, stating that more details would be published soon.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.