Shiba Inu’s marketing lead, Lucie, has sparked global interest with her recent remarks about the upcoming SHI stablecoin. On Thursday, she highlighted the significance of SHI as a game-changer for Shibarium, describing it as a crucial development for stability and utility within the Layer 2 blockchain. Although SHI has not been launched yet, its integration into the Shiba Inu ecosystem is expected to be transformative.
In an official X post on September 26, Lucie shared that SHI, first introduced by Ryoshi in 2021, is currently in development. She mentioned the original goal of pegging SHI at $0.01, though the mechanism for maintaining that peg is still under discussion. Ongoing conversations within the community aim to determine the best way to support the peg.
Lucie also emphasized that Shiba Inu’s lead developers, Shytoshi Kusama and Kaal Dhairya, have confirmed SHI is undergoing rigorous testing. The Shiba Inu community is cautiously approaching the stablecoin’s release, ensuring that it provides stability and seamless utility within the ecosystem. Lucie noted that the team is learning from other stablecoins’ challenges to ensure SHI’s security and sustainability.
Regarding its role in Shibarium, Lucie explained that SHI will enhance the Layer 2 network by improving price stability, utility, DeFi integration, liquidity, adoption, interoperability, and transaction security. As the development of SHI progresses, it is expected to strengthen the Shiba Inu ecosystem’s capabilities, offering a solid foundation for decentralized finance.
These developments, combined with the upcoming SHIBACON event in November, have generated significant buzz among market enthusiasts. Additionally, Lucie recently highlighted new updates related to the BONE token on Shibarium, further increasing attention to Shiba Inu’s ecosystem.
In terms of price movement, Shiba Inu’s value surged nearly 11% today, prompting speculation about a potential rally similar to 2021 and SHI’s launch. The meme coin’s trading volume soared by 131%, reaching $520.52 million. Data from Coinglass showed a 22% increase in SHIB futures open interest, and the coin’s derivatives volume surged by 192%, indicating an uptrend fueled by the positive developments surrounding SHI.
