Pi Coin 'Will Never Become a Stablecoin', Expert Says

The statement "Pi Coin is similar to a stablecoin" is a rumor spreading across many news sources and social media to create confusion and lure people into a trap. This rumor has become more popular after information emerged suggesting that Pi is pegged to a specific asset like the US dollar. Some sources even claim that the fixed value of Pi Coin is 314.159 dollars. Experts have finally reached a conclusion, addressing the rumors and concluding that Pi is not a stable coin. Is Pi a Stablecoin? Many cryptocurrency experts and software developers have made their arguments on this issue, explaining that Pi is not a stablecoin. In a recent post on X, cryptocurrency expert Kosasi Nakamoto stated that "Pi is not and will never be a stablecoin." He also dismissed the claim that Pi would bring in $314,000, while asserting that "one Pi equals one Pi." In addition, Nakamoto also quoted Nicolas Kokkalis, one of the founders of Pi Network, saying: "PI HAS VALUE THAT THE PIONEERS CLAIM IT DOES." While stablecoins are pegged to real assets like fiat currency such as the US dollar, Pi coin is the native cryptocurrency of Pi Network and is entirely dependent on the demand within its ecosystem.

The Difference Between Pi Coin and Stablecoin The most important difference between these two types of digital assets – Pi coin is a type of cryptocurrency on the Pi Network, a blockchain-based project aimed at enabling people to mine digital currency, while stablecoin is designed to stabilize price. Stablecoins like USDT or USDC provide a more reliable store of value and facilitate transactions, while the Pi coin is known for its price volatility and its value depends on community acceptance. The Pi coin lacks clarity and is still in the development process, while stablecoins provide more clarity without the risk of potential fraud. Stablecoin is regulated by the U.S. government through the GENIUS Act, while the Pi network is often considered a scam and is at risk of being delisted from exchanges. Final Thoughts The rapid development of cryptocurrency has created many different types of digital currencies, making it difficult for investors and users to classify them. People often confuse different types of digital assets - cryptocurrency, stablecoin, altcoin, and native token. However, it is important to clearly understand these differences before investing in any type of digital currency.