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Shiba Inu Reveals Stablecoin And Dogecoin Plans To Las Vegas

Popular dog meme coins shiba inu (SHIB) and dogecoin (DOGE) could get a boost as the former company plans to expand its ecosystem with a range of new products, while the coin This money is expected to be accepted as a method of payment at The Boring Company’s newly opened transit station in Las Vegas.

Shytoshi Kusama, a lead developer behind SHIB, announced the plan in a blog post on Wednesday, saying that the team aims to launch a decentralized stablecoin called SHI, which is designed to be superficially designed. out to avoid the problems found in other stablecoins of this kind.

“They sent a version of Shi ostensibly to avoid the problems found in other moonshots, while also allowing Shi to be used for feedback and to balance payments that need to be made without market volatility,” Kusama said of the stablecoin, adding that it is expected to launch by the end of 2022.

The nicknamed developer also revealed TREAT, the upcoming rewards token of the SHIB metaverse. While the coin is tied to the Shiba Collectible Card Game and will be used to reward users, it will also “provide a balance for” Shiba Inu’s stablecoin, the blog post said, without specifying. describe how it works.

Last year, the coin meme announced its native decentralized exchange (DEX) called ShibaSwap, as well as ecosystem tokens BONE and LEASH. The developers are also working on the ecosystem’s own layer 2 protocol called Shibarium and a metaverse project that will contain more than 100,000 plots of land.

Meanwhile, Elon Musk’s The Boring Company, an infrastructure and tunneling services company, will accept dogecoin as a payment method at the newly opened transit station in Las Vegas, according to a report from CNN. Business.

The Las Vegas Convention Center Loop has three different stations and covers 1.7 miles. While rides are currently free on the Loop, the company will eventually charge $1.50 for a ride and $2.50 for a full day, according to the Vegas Loop’s website.

Riders will be able to scan a QR code on the wall at the new Resorts World terminal to purchase tickets and will be given the option to pay with DOGE.

CEO Elon Musk both confirmed the news, saying he “supports Doge wherever possible.”

At 8:01 UTC on Thursday morning, the 10th coin per market cap, DOGE, is trading at $0.0687. It increased 2% in a day and fell just over 1% in a week. SHIB is in 13th place, changing hands at $0.00001. It gained 1.2% in 24 hours and 3.4% in 7 days.