Shiba Inu Won’t Be
the Next Terra (LUNA) ! Here’s Why
The Terra meltdown could understandably cause investors to wonder if Shiba Inu might be next. !
There is a Shiba Inu stablecoin (referred to as SHI) in development. The Ke y Difference Between Terra and SHIB is that SHI stablecoin will be pegged to $0.01 rather than $1.
It also seems reasonable to conclude that the SHI developers wouldn't adopt a similar approach used with TerraUSD's algorithm.
As per Motley Fool blog, Shiba Inu isn't pegged to the U.S. dollar. But it is pegged to the status of the crypto market.