Shiba Inu marketing lead Lucie’s recent comments about the SHI stablecoin have caught the attention of the cryptocurrency world. The marketing lead explained how the stablecoin is a game-changer for Shibarium, stating that it acts as a development key for stability and usability for Layer 2. Although it has not yet been released, its introduction into the memecoin ecosystem is expected to be critical.
Shiba Inu Marketing Leader: Work on SHI Stablecoin Continues
In her official X post on September 26, Lucie explained that the SHI stablecoin, which was first introduced by Ryoshi in 2021, is still in development, and said, “The original idea for SHI is to set it at $0.01, but the specific mechanism to achieve this setting has not yet been determined.”
In the meantime, community discussions continue to evaluate potential options for seamlessly powering the fiction.
Importance of SHI on Shibarium
The Shiba Inu marketing leader also shared important insights into why a stablecoin is important for Shibarium, a Layer 2 Blockchain. SHI aims to contribute in many areas, such as increasing price stability, expanding usage, strengthening DeFi integration, increasing adoption, providing liquidity, improving interoperability, and increasing transaction security.
Lucie stated that as development progresses, SHI aims to increase the capabilities of the Shib Inu ecosystem, providing a reliable framework for decentralized finance and contributing to a more resilient financial structure.
SHIB Price Movement Today
At the same time, the price of Shiba Inu rose by nearly 11 percent today, sparking speculations about a 2021-like rally to $1 and the launch of the SHI stablecoin. Shiba Inu’s daily low and high were $0.00001475 and $0.00001652, respectively. Memecoin’s 24-hour trading volume increased by an impressive 131 percent today to $520.52 million. This increase has created excitement in the memecoin community.
According to Coinglass data, SHIB futures open interest increased by 22% in the last 24 hours to $42.43 million. In addition, the memecoin’s derivatives volume increased by 192% to $179.36 million. With today’s price increase, SHIB appears to be in an uptrend. The SHI stablecoin announcement continues to create optimistic excitement for the memecoin.
The continued development of the SHI stablecoin and its integration into the Shibarium ecosystem is being closely monitored within the Shiba Inu community, with community members evaluating the potential benefits and challenges of the stablecoin, with sustainability and security of the project being at the forefront.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
