Pi Network’s core team said in an update this week that stablecoins are being considered for use cases that need predictable pricing, including commerce, payments, accounting, and settlement. Even so, the team said their scope would be intentionally narrower than that of PI, which will remain the network’s primary digital asset.
The update said stablecoins could help generate more economic activity inside the ecosystem and reduce dependence on external infrastructure. At the same time, the team said any rollout would be handled carefully and that compliance remains a key factor in the process.
Pi Network also clarified several points that had not been finalized. It said there is still no confirmation that OUSD has been integrated into the Pi mainnet, and no launch date or details for any Pioneer rewards plan have been announced.
Earlier, Pi Network said it would work with Open Standard to explore the stablecoin market. Open Standard, according to the update, includes more than 200 participants across finance, payments, technology, and crypto. In the market, PI recently fell with the broader pullback, touched a three-month low of $0.078, then recovered slightly to above $0.081. Its market capitalization dropped to $915 million, ranking it No. 69 on CoinMarketCap.
Pi Network’s core team said in an update this week that stablecoins will be used for cases that require predictable pricing, including commerce, payments, accounting, and settlement. Their role, however, is set to be narrower than that of the native token PI, which the team said will remain the network’s primary digital asset.
The team said stablecoins could bring more economic activity into the ecosystem and reduce reliance on external infrastructure. It also said implementation would be handled cautiously, with compliance remaining an important consideration.
Pi Network clarifies OUSD and rollout details
Pi Network said it has not confirmed that OUSD has been integrated into the Pi mainnet. It also has not announced a specific launch date or details of any Pioneer rewards plan.
Earlier, Pi Network said it was working with Open Standard to explore the stablecoin market. According to the update, Open Standard has more than 200 participants from finance, payments, technology, and crypto.
PI touched a three-month low
In the market, PI fell during the recent pullback and at one point touched a three-month low of $0.078. It later recovered slightly to above $0.081. Its market capitalization fell to $915 million, placing it 69th on CoinMarketCap.
The item was cited by Techub from CryptoPotato.
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