Pi Coin Clarification: Not a Stablecoin, Value Driven by Ecosystem Demand
Experts have debunked rumors suggesting Pi coin is a stablecoin pegged to assets like the US dollar or maintaining a fixed value of $314,159. crypto analyst Kosasi Nakamoto firmly stated, "Pi is not and will never become a stablecoin." Pi Network co-founder Nicolas Kokkalis emphasized that the coin's value is determined solely by ecosystem demand: "PI IS WORTH WHAT PIONEERS CONSIDER IT WORTH."
Unlike stablecoins tied to fiat currencies, Pi operates as the native cryptocurrency of its network. Nakamoto dismissed speculative claims about $314k payouts, reinforcing the principle that "one Pi equals one Pi." This clarification aligns with Pi Network's white paper, which rejects any stablecoin designation despite the ecosystem's need for value stability.
