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Pi Coin Clarification: Experts Confirm It’s Not and Will Never Be a Stablecoin
Pi Coin Clarification: Experts Confirm It’s Not and Will Never Be a Stablecoin
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Industry experts have debunked rumors suggesting Pi Coin operates as a stablecoin. Claims that the cryptocurrency is pegged to the US dollar or holds a fixed value of $314,159 are false. Crypto analyst Kosasi Nakamoto stated, "Pi is not and will never become a stablecoin," emphasizing its market-driven valuation.
Nicolas Kokkalis, co-founder of Pi Network, reinforced this position, noting that Pi's value is derived solely from community consensus. Unlike stablecoins tied to fiat currencies, Pi's valuation remains organic to its ecosystem. This clarification comes amid widespread misinformation campaigns targeting investor confusion.
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