The launch of Shiba Inu's stablecoin, SHI, is still being delayed as the team awaits clear stablecoin regulations before proceeding.
The SHI stablecoin aims to provide price stability within the Shibarium network with a peg of $0.01.
The US House Financial Services Committee passed the STABLE Act, which aims to create a regulatory framework for payment stablecoins.
In the meantime, other SHIB-related tokens like LEASH, BONE, and TREAT are active, offering staking rewards, metaverse involvement, and liquidity support.