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Shiba Inu, (SHIB), is a meme token that aims to be the Ethereum-based counterpart to Dodgecoin鈥檚 Srypt-based mining algorithm. Shiba Inu uses a cute image of a dog on their token, joining the swarm of dog-themed cryptocurrencies. Shiba Inu was created anonymously in August 2020 under the pseudonym 鈥淩yoshi鈥.
The Shiba Inu website calls dog-inspired artists on a global scale to foster the 鈥渁rtistic Shiba movement鈥 as they bring their Shiba Inu community to the NFT marketplace. The token gained speed as community investors were drawn in by the cute dog token paired with the headlines and tweets from personalities like Elon Musk and Vitalik Buterin.
Shiba Inu has also created a campaign with Amazon Smile to collect donations to rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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