Pi Coin ‘Will Never Become Stablecoin.’ Says Expert

Pi Coin ‘Will Never Become Stablecoin,’ Says Expert Follow Us on X, https://x.com/xrpaltcoins Click to Buy XRP (Ripple) with 10% Commission Discount with Credit or Debit Card. Mexc https://promote.mexc.co/a/FXx7JaVG , Bitget https://bit.ly/3EvMUo1, Click link to read the original text on Coinpedia.org ( Trusted Crypto Agency for News, Information, Exchange, PR, Blockchain Events, Crypto Wallet and Else related to Decentralized World.) https://bit.ly/3TYCy7M _____ Experts rejects the rumor that Pi coin is similar to stablecoin by stating differences. Stablecoins are pegged to fiat currencies like US dollars while Pi coin relies on its demand on Pi Network. 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. 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 project that aims to make digital currency mining accessible to everyone, while stablecoin is designed for price stability. Stablecoins like USDT or USDC offer a more reliable store of value and facilitate transactions, while Pi coin is known for its price volatility and relies on community adoption for its value. Pi coin lacks clarity and is still under development, while stablecoins provide increased clarity without potential risks of fraud. Stablecoin is regulated by the US government via the GENIUS Act, while the Pi network is often considered a scam and faces delisting from exchanges. Final Thought As the rapid growth of cryptocurrency has introduced numerous digital currencies, it has become difficult for investors and users to classify them. People often get confused between the various categories of digital assets— cryptocurrencies, stablecoins, altcoins, and native tokens. But it is crucial to understand the difference before investing in any digital currency. _____ pi coin news, pi coin analysis, you can find breaking news, comments on cryptocurrencies on this channel, please subscribe to not miss the next pi coin news. pi coin currency, picoin news, pi coin news,pi coin price, pi coin prediction, pi coin analysis _____ Disclaimer, The information provided on this video does not constitute investment advice, financial advice, trading advice, for informational purposes only, you should not treat any of the video's content as such. Please, consult your financial advisor before making any investment decisions.