Shiba Inu developer releases new update on stable coin and reward token

Shiba Inu SHIB lead developer, Shytoshi Kusama, has released a new update for the meme coin community on the plans to launch a stable coin and reward token.

Kusama said that the stable coin won't be affected by market fluctuations.

The version of SHI is currently in development and avoids all the issues of projects like Terra LUNA The developer said that the SHI stablecoin would be available this year if everything goes as planned, despite the crash of Terra UST USTC.

Kusama said that a new token, TREAT, would join the Shiba ecosystem.

TREAT will serve as a reward token for everyone in the SHIB ecosystem, while the BONE token would be the reward token for validators in Shibarium.

The loyal Breed members would have a limited supply of TREAT reserved for them because they have withstood all the criticisms about the project.

Kusama concluded that the new token would benefit the Shiba Inu ecosystem and help its full decentralization.

The blog post also included updates on the Shibarium layer 2 network that has been in the works for a while.

The lead developer said that new developers are working on the project, although there is no date yet for its launch.

The plans to build a Metaverse had hit a temporary snag, but that has been resolved and the team is still committed to building the best MV on the planet. Kusama said more information would be released about the game, as well as a new collectible card game developed by Playside and Shiba Games.