The Shiba Inu Ecosystem is one of the fastest growing crypto-communities. Its many tokens and updated ecosystem have made the meme-cryptocurrency popular in a relatively short period of time. However, it still has a long way to go. Rumors suggest that the Shiba Inu Team is working on a new cryptocurrency called Shi. If these rumors prove to be true, it could provide a great opportunity for SHIB owners and open a new world of possibilities within the Shiba Inu ecosystem.
Vet Kusama, a core member of the Shiba Inu Team, recently discussed the benefits of a stablecoin, an idea brought up earlier by SHIB’s founder Ryoshi. A stablecoin is a cryptocurrency that is pegged 1:1 with a fiat currency, like the US dollar, to keep its price stable. BUSD on BSC is an example of how a stablecoin can give investors the opportunity to participate in the crypto sector with lower levels of volatility.
Shibarium BSC is the BUSD chain, and according to Kusama, the SHI stablecoin is a great idea for the Shiba Inu ecosystem, especially for those who don’t want to be exposed to crypto-volatility. However, no official information has been released yet and it has been said that there won’t be any pre-purchases or airdrops.
The Shiba Inu Ecosystem already provides users with BONE and LEASH tokens that they can use to deposit, trade, or stake into liquidity pools on ShibaSwap. Whale Alerts reported a massive transaction of 4.5 trillion SHIB (worth $32.1million) between two unknown wallets, showing the potential that the ecosystem has to offer.
Stablecoins based on SHIB may attract new investors, and Ryoshi has discussed how holders can buy and sell products or services with their crypto, as shown by a fish vendor in one of his Medium articles.
The market cap of SHIB currently stands at $4.125 Billion and it looks like the Shiba Inu Ecosystem is in for a good score. With whale accumulation occasionally, the project has great potential to become even more popular and successful.
Featured Image from Capital.com
