Shiba Inu is pushing forward with the development of its stablecoin, SHI, designed to enhance its blockchain's capabilities. This project, led by Shytoshi Kusama and Kaal Dhairya, was initially proposed by founder Ryoshi in 2021.
SHI aims to be a decentralized currency, serving as a focal point for Shiba Inu's Layer-2 solutions. This new development has contributed to a 13% rise in the value of SHIB.
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