Shiba Inu lead developer Shytoshi Kusama has released a new update to the coin meme community regarding his plans to launch stablecoins and reward tokens.
According to Kusama, stablecoin SHI will not be affected by market fluctuations.
He acknowledged legitimate concerns about stablecoins following the Terra UST (USTC) crash. But according to him, the SHI version is currently being developed to avoid all the project problems like Terra.
“For SHI, we have seen independent development from a group of developers in our decentralized network. They sent a version of SHI that looks like it can avoid the problems found in other moonshots.”
The developer added that stablecoin SHI would be available this year if everything goes according to plan.
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 serve as a reward token for validators in Shibarium.
Meanwhile, loyal Breed members will have a limited supply of TREAT as they have endured all the recent criticism of the project.
Kusama concluded that the new token would benefit the Shiba Inu ecosystem and support its complete decentralization.