Shiba Inu ecosystem will soon release its own stablecoin SHI, rewards token, and collectible card game, according to the latest update.
Shiba Inu (SHIB) lead developer, Shytoshi Kusama, announced the new projects in a recent blog post.
According to Kusama, in addition to the expected Stablecoin SHI, the Shiba Inu ecosystem will soon welcome a new collectible card game designed for its future metaverse.
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In the blog post, the SHIB lead developer said the need for the Stablecoin SHIB became more compelling after the Terra blockchain fiasco, which resulted in the depegging of TerraUSD (UST).
He said SHI would be able to avoid the problems found in other assets alike, due to the fact that it’s being independently developed by a group of Shiba Inu developers.
In the blog post, Kusama explained:
“Needless to say Shi is a concern after watching other stable tokens collapse and billions in dollars get wiped off the market completely. *Poof* WOOF! So as for Shi, we’ve seen independent development from a group of developers in our decentralized network.
“They’ve submitted a version of Shi that seems to avoid the issues found in other moonshots, while allowing Shi to be used to counter and balance payments that need to be done without market fluctuations.
“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized. Bearing no insane issues, this should be released in 2022.”
TREAT for the Shiba Inu Community
According to Shytoshi Kusama, TREAT, a new reward token designed for the Shiba Inu community, will be applied to all the projects in the ecosystem.
The digital asset will play a vital role in the card game development, Shiba Collectible Card Game, and in providing stability for SHI.
Although there is no specific date yet, Kusama said if everything goes as planned, the stablecoin SHI would be launched later this year.