Breaking
June 12, 2025

Crypto News | Shiba Inu (SHIB) Team Plans to Launch a Stablecoin: Details | usagoldmines.com

TL;DR

The Shiba Inu team plans to launch a stablecoin called SHI, which aims to enhance the Shibarium network. Its development is ongoing, with a focus on creating a reliable peg to $0.01.
The product is expected to bring benefits like price stability, increased adoption, and integration with decentralized finance (DeFi), although the exact launch date remains unknown.

Jumping on the Stablecoin Bandwagon

Shibarium’s Marketing Strategist, using the X handle LUCIE, revealed that the Shiba Inu team plans to introduce a stablecoin. The financial product, called SHI, was labeled a “crucial development” within the SHIB ecosystem. It is expected to “significantly enhance the Shibarium network,” but the launch date remains unknown. 

LUCIE reminded that the idea of the stablecoin was initially introduced by Ryoshi (the anonymous founder of the meme coin project) in 2021. SHI was supposed to be pegged at $0.01, but its mechanism for achieving this peg was never determined.

“Ongoing discussions within the community are focused on potential collateral options to support the peg effectively. Developers Shytoshi Kusama and Kaal Dhairya have emphasized that SHI is still under development and undergoing rigorous testing,” the X user stated.

LUCIE also disclosed that the official launch will happen once the infrastructure is “fully prepared, ensuring stability and utility within decentralized finance.” They also claimed that the team is carefully delving into the matter, learning from the challenges faced by other stablecoin projects.

SHI’s Potential Merits

According to Shibarium’s Marketing Strategist, the upcoming stablecoin will provide numerous benefits to SHIB users and foster the development of the entire Shiba Inu ecosystem. 

Some of the expected merits include price stability, enhanced utility, increased adoption, easier entry points for beginners, DeFi integration, community empowerment, mitigating risks, and more.

“As development progresses, SHI is set to enhance the Shib ecosystem’s capabilities, providing a reliable framework for decentralized finance and contributing to a more resilient financial landscape,” the announcement reads.

SHIB on the Rise

The aforementioned disclosure coincides with Shiba Inu’s impressive price rally in the past 24 hours. The meme coin is up over 14% for that period, reaching a two-month high of approximately $0.00001717 (per CoinGecko’s data). Its market capitalization surpassed $10 billion for the first time since late July, making it the 15th biggest cryptocurrency in the entire market.

SHIB Price, Source: CoinGecko

Other bullish factors that may have contributed to the resurgence include Shibarium’s latest milestone, the increase in the burn rate, and the overall revival of the meme coin cohort. 

The post Shiba Inu (SHIB) Team Plans to Launch a Stablecoin: Details appeared first on CryptoPotato.

  Shiba Inu might become the next cryptocurrency project to introduce its own stablecoin. Crypto Bits, Crypto News, SHIBBTC, SHIBUSD, Shiba Inu (SHIB) 

Recent:

This Alternative Crypto to Pepe Coin (PEPE) is Positioned to 50x in 2025 Cryptopolitan Media | usago...

Trump administration prioritizes American chipmaking Collins J. Okoth | usagoldmines.com

Investors Shift Focus From Cardano (ADA) to Ruvi AI (RUVI) Following Audit Announcement And Massive ...

Lost on How to Claim Solaxy? Try PEPETO Instead Cryptopolitan Media | usagoldmines.com

$200,000 Raised in Less Than 24 Hours as Little Pepe (LILPEPE) Presale Takes Off in Style Cryptopoli...

10 Courses the Cryptopolitan team is taking this quarter and why they are important in 2025  Brian K...

Trump-Linked WLFI Rolls Out Live USD1 Bridge as Cross-Chain Swap Nears Tanzeel Akhtar | usagoldmines...

Pi Coin Price Prediction: MACD Indicator Finally Flashing Green – $10 Incoming?  Harvey Hunter | usa...

XRP Price Prediction: Ripple CEO Garlinghouse Says XRP Could Power $21 Trillion in SWIFT Transfers –...

Polygon unveils ‘Gigagas’ roadmap to reach 100,000 TPS Assad Jafri | usagoldmines.com

Crypto News | Dremes to Give Away a Lamborghini in Wild New Crypto Game Campaign Chainwire | usagol...

Crypto News | Bitcoin Price Rebounds as Trump Promises More Pro-Crypto Policies Jordan Lyanchev | u...

Crypto News | Why South Africa May Leapfrog the World in Bitcoin Adoption: Interview With VALR CMO ...

Crypto News | These Altcoins to Go Live on Coinbase Today: How Will Prices React? Dimitar Dzhondzho...

Crypto News | Just 216 Bitcoin holders own over 6 million BTC as market concentration grows Oluwapel...

Crypto News | Ethereum ETF inflows reach second-highest level in 2025 as ETH’s market confidence cli...

Crypto News | 70% of $1B Plasma deposits held by top 100 wallets, showing concentrated interest in X...

Crypto News | Tether amplifies gold strategy with around $90 million stake in Elemental Altus Oluwap...

Crypto News | Meta’s stablecoin plans face scrutiny from US Senators Warren and Blumenthal Oluwapelu...

Crypto News | Circle expands USDC to Ripple’s XRP Ledger Oluwapelumi Adejumo | usagoldmines.com

Crypto News | Hong Kong teams up with university to tackle crypto laundering with tech Oluwapelumi A...

XRP Price Prediction: Will June 16 XRP Lawsuit Update Trigger a Breakout or Breakdown? Yash Jain | u...

Is Meta Planning a Secret Stablecoin? Senators Warren and Blumenthal Demand Answers Qadir AK | usago...

JPMorgan CEO Warns: U.S. Economy May Be Heading for Trouble Soon Mustafa Mulla | usagoldmines.com

Brazil’s Strategic Bitcoin Reserve Bill passes first committee Qadir AK | usagoldmines.com

USDC Is Now Live on XRP Ledger —  Big Step for Faster Crypto Payments Mustafa Mulla | usagoldmines.c...

Satoshi Nakamoto Now Among World’s Richest as Bitcoin Hits $118B Wallet Value Andrea | usagoldmines....

Will XRP Price Hit a New All-Time High Before June 17? Anjali Belgaumkar | usagoldmines.com

Yahoo bets on AI for major mail update in a decade Noor Bazmi | usagoldmines.com

ECB eyes an end to interest rate cuts as inflation stabilizes Shummas Humayun | usagoldmines.com

ASIC bans financial adviser for ten years Cryptopolitan News | usagoldmines.com

Carney urges the U.S. to lift all tariffs or Canada will retaliate Noor Bazmi | usagoldmines.com

Move over James Wynn, Hyperliquid may have found its next big influencer Hannah Collymore | usagoldm...

Asian institutional buyers line up for XRP reserve Florence Muchai | usagoldmines.com

BlackRock Quietly Accumulates SPX6900 as Memecoin Prices Plunge – Traders Target $2 Breakout Jimmy A...

DDC Enterprise Stock Slips 10.5% After New 38 BTC Acquisition Tanzeel Akhtar | usagoldmines.com

European bonds up, oil down as traders bet on two Fed rate cuts Noor Bazmi | usagoldmines.com

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention Christian Encila | usagoldmines.com

America’s lead in the space race could become a casualty of Trump’s cuts Noor Bazmi | usagoldmines.c...

Stellar Blade PC records a player count of 99,980 Collins J. Okoth | usagoldmines.com

The Ultimate Summer 2025 Crypto Portfolio: What to Hold Now Cryptopolitan Media | usagoldmines.com

Altcoin Season Alert: Bitcoin Solaris Presale Outperforms Market with Guaranteed 233% ROI Before Exc...

Binance's BSC steals top spot of dApp transaction volume from Ethereum Hristina Vasileva | usagoldmi...

Crude oil futures pulled back after a more than 4% jump Shummas Humayun | usagoldmines.com

"Africa Growth and Opportunity Act" between Africa and the US under threat Florence Muchai | usagold...

Will Dogecoin Moon Or Crash? This Indicator Holds The Answer Jake Simmons | usagoldmines.com

US PPI comes in lower than expectations, rises 0.1% to 2.6% in May Jai Hamid | usagoldmines.com

Russia floats fines and seizures as punishment for illegal miners and crypto payments Lubomir Tassev...

Jack Ma’s Ant International planning Hong Kong and Singapore stablecoins, pending licenses Florence ...

China insists it is a trustworthy partner in US trade pact Nellius Irene | usagoldmines.com

Ripple’s president and CEO disagree over memecoins' role in crypto Collins J. Okoth | usagoldmines.c...

Nvidia CEO Huang cautions about losing the Chinese market to Huawei with US sanctions Enacy Mapakame...

GameStop plummeted by 19% on Bitcoin buy plan Jai Hamid | usagoldmines.com

Republicans planning for ‘total tax cliff’ when Trump’s term ends in 2028 Florence Muchai | usagoldm...

Forget Solana (SOL), These Altcoins Are Primed to 10x in 2025  Cryptopolitan Media | usagoldmines.co...

Crypto approaching systemic risk territory, FSB's Knot fires warning Shummas Humayun | usagoldmines....

Tether bought a 32% stake in Canadian gold company Nellius Irene | usagoldmines.com

GameStop Proposes New $1.75 Billion Debt Offering For Potential Bitcoin Buys Brenda Ngari | usagoldm...

ETF With XRP, Cardano Exposure To Win SEC Approval Next Before Solana Funds, Expert Points Out Brend...

Spot Ethereum ETFs Mark Best Day In Four Months With $240 Million In Investments, Outpacing Bitcoin ...

An Unfazed Tim Draper is Standing by his $250,000 Bitcoin Prediction, Here’s Why Olivia Brooke | usa...

Nasdaq-Listed Mercurity Plans $800M Raise to Build Bitcoin Treasury Reserve Amin Ayan | usagoldmines...

Bitcoin Price Prediction: Veteran Trader Peter Brandt Warns of “Hidden” Collapse for BTC – Here’s Wh...

XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7 Scott Matherson | usagoldmines.com

Singapore Police Probe 49 Suspects in Crypto-Linked Money Laundering Case Amin Ayan | usagoldmines.c...

Tencent exploring $15B Nexon acquisition, a gaming firm with Web3 investments Hristina Vasileva | us...

Sen. Elizabeth Warren: 'Meta may be renewing its efforts to establish its own stablecoin' Collins J....

Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? Sebastian Villafuerte |...

Crypto News | Solana hitting 1M TPS, memecoin rug pull seizures to put SOL on US digital asset stock...

Crypto News | XRP ETF approval odds slide 10% ahead of critical SEC and ETF deadlines next week Liam...

Crypto News | Ethereum leads $336M liquidation wave with heavy long losses Andjela Radmilac | usagol...

XRP Could Quietly Enter ETF Market Before Solana, Says Top Expert Mustafa Mulla | usagoldmines.com

Bitcoin Bull Run Incoming as BTC CAGR Hits 31% Vignesh S G | usagoldmines.com

Pakistan Turns to Bitcoin Mining to Solve $7.4 Billion Energy Crisis Debashree Patra | usagoldmines....

Binance CEO Richard Teng Declares: Institutions Are Going All-In on Crypto Andrea | usagoldmines.com

Best Cheap Crypto Investments Now with Life-Changing Upside in 2025  Cryptopolitan Media | usagoldmi...

Ripple sets bold five-year target to capture SWIFT transaction volume with XRP Cryptopolitan News | ...

Trump may be open to pushing July 8 trade talk deadline Florence Muchai | usagoldmines.com

Boeing stock drops sharply after Air India crash Noor Bazmi | usagoldmines.com

Strategy's Michael Saylor ran to Bitcoin after COVID lockdowns and stimulus threatened $500M reserve...

SEC Rejects DeFi Development Corp’s $1B Solana Bid Over S-3 Filing Eligibility Hassan Shittu | usago...

Why Is Crypto Down Today? – June 12, 2025 Sead Fadilpašić | usagoldmines.com

Japan to Press G7 on Coordinated Crypto Crackdown Targeting North Korea Amin Ayan | usagoldmines.com

Senators Warren and Blumenthal Go to War Against Meta’s New Stablecoin Scheme, Calling it a ‘Threat’...

Trump set to implement major provisions of US-UK trade deal Nellius Irene | usagoldmines.com

Bitcoin Sentiment Explodes While Bitcoin Hyper Soars: Best Presale in 2025 About to Take Off? Aaron ...

Arthur Hayes Predicts Crypto Trouble Ahead of Trump’s Tariffs: “Don’t Get Shook” Andrea | usagoldmin...

Jack Ma’s Ant Group Bets Big on Stablecoins in Asia Qadir AK | usagoldmines.com

Fed Rate Cuts May Fuel Massive Crypto Rally—Altseason on the Horizon Vignesh S G | usagoldmines.com

Shaquille O’Neal Agrees to $1.8M FTX Settlement Elena R | usagoldmines.com

Market indices and crypto extend dip as traders ignore US inflation and trade relief Jai Hamid | usa...

Dubai RWA apartment sells in under 2 minutes Lara Abdul Malak | usagoldmines.com

Britain’s goods exports to the United States fell by £2 billion in April Shummas Humayun | usagoldmi...

Macron wants France to produce AI chips Florence Muchai | usagoldmines.com

XRP Could Crash To $1.55 Before Explosive Surge, Analyst Warns Jake Simmons | usagoldmines.com

Bitcoin Price Hits Local High? Top Analyst Shares Key Levels James Halver | usagoldmines.com

CoreWeave to provide computing capacity to Google’s cloud unit Collins J. Okoth | usagoldmines.com

Best Crypto to Buy: 2 Tokens Under $1 That Could Reach $5 By the End of 2025  Cryptopolitan Media | ...

Gold and oil surge after US personnel leave the Middle East Noor Bazmi | usagoldmines.com

Polygon Power, Why Neo Pepe Coin’s Breakthroughs Lead Market Cryptopolitan Media | usagoldmines.com

By