Pi Coin ‘Will Never Become Stablecoin,’ Says Expert
The post Pi Coin ‘Will Never Become Stablecoin,’ Says Expert appeared on BitcoinEthereumNews.com. The post Pi Coin ‘Will Never Become Stablecoin,’ Says Expert appeared first on Coinpedia Fintech News The statement– ‘Pi coin is similar to a stablecoin’ is a rumour spread via various news sources and social media to confuse people and lure them into scams. This got more popular after the rumors claimed that Pi is pegged to a specific asset like the US dollar. Some sources even claimed that Pi coin holds a fixed value of $314,159. Experts finally drew a line, settling the rumours, and concluded that Pi coin is not a stablecoin. Is Pi a Stablecoin? Various crypto experts and software developers have put forward their arguments on the matter, explaining that the Pi is not a stablecoin. In a recent post on X, a crypto expert, Kosasi Nakamoto, claimed that “Pi is not and will never become a stablecoin.” He also rejected the claim that Pi will give $314k worth of money, while asserting that ‘one Pi equals one Pi.’ Additionally, Nakamoto also quoted Nicolas Kokkalis, one of the founders of Pi Network, stating, “PI IS WORTH WHAT PIONEERS CONSIDER IT WORTH. ” While stablecoins are pegged to real-world assets (fiat currencies) like the US dollar, Pi coin is the native cryptocurrency of the Pi Network and completely relies on its demand in its ecosystem. Pi is not and will never become a stablecoin. The fact that the Pi ecosystem needs stable value does not mean the existence of any stablecoin. This is as stated in the white paper and as Nicolas Kokkalis has repeatedly emphasized: "PI IS WORTH WHAT PIONEERS CONSIDER IT WORTH" –… — Kosasi Nakamoto (@KOSASI_NAKAMOTO) July 21, 2025 Differences between Pi Coin and Stablecoin The most important difference between these two digital assets– Pi coin is a crypto on Pi Network, a blockchain-based…
The post Pi Coin ‘Will Never Become Stablecoin,’ Says Expert appeared on BitcoinEthereumNews.com.
The post Pi Coin ‘Will Never Become Stablecoin,’ Says Expert appeared first on Coinpedia Fintech News The statement– ‘Pi coin is similar to a stablecoin’ is a rumour spread via various news sources and social media to confuse people and lure them into scams. This got more popular after the rumors claimed that Pi is pegged to a specific asset like the US dollar. Some sources even claimed that Pi coin holds a fixed value of $314,159. Experts finally drew a line, settling the rumours, and concluded that Pi coin is not a stablecoin. Is Pi a Stablecoin? Various crypto experts and software developers have put forward their arguments on the matter, explaining that the Pi is not a stablecoin. In a recent post on X, a crypto expert, Kosasi Nakamoto, claimed that “Pi is not and will never become a stablecoin.” He also rejected the claim that Pi will give $314k worth of money, while asserting that ‘one Pi equals one Pi.’ Additionally, Nakamoto also quoted Nicolas Kokkalis, one of the founders of Pi Network, stating, “PI IS WORTH WHAT PIONEERS CONSIDER IT WORTH. ” While stablecoins are pegged to real-world assets (fiat currencies) like the US dollar, Pi coin is the native cryptocurrency of the Pi Network and completely relies on its demand in its ecosystem. Pi is not and will never become a stablecoin. The fact that the Pi ecosystem needs stable value does not mean the existence of any stablecoin. This is as stated in the white paper and as Nicolas Kokkalis has repeatedly emphasized: "PI IS WORTH WHAT PIONEERS CONSIDER IT WORTH" –… — Kosasi Nakamoto (@KOSASI_NAKAMOTO) July 21, 2025 Differences between Pi Coin and Stablecoin The most important difference between these two digital assets– Pi coin is a crypto on Pi Network, a blockchain-based…
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