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The Shiba Inu Stablecoin Is Nearing Completion

Anna Martynova

The Shiba Inu blog reports on the development of the ecosystem in accordance with the "Riyoshi’s Vision", the anonymous founder of the project, which claims that he does not have SHIB tokens, since he wants to be pure and unbiased. Riyoshi’s Vision was outlined in a Medium post in May 2021, which outlined plans to create a "decentralized and permanent community" based on personal responsibility.

To implement the plan, the deployment of four specific protocols will be required: ShibaSwap, Shibarium, the SHI stablecoin and the Shibarium financial ecosystem. Shytoshi KUSAMA, the lead developer at Shiba Inu, hasn't revealed exact dates, but he did mention on his blog that he expects to see one or more technologies before the end of summer or early fall.

The ShibaSwap DEX is already live as of July 2021, the Shibarium level scaling solution is also live. The SHI stablecoin is said to be close to completion and will be tested soon. Ethereum liquidity protocols, including Aave, Curve and Compound, are expected to migrate to the Shibarium financial ecosystem.

Image: Esquire

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