The post Pi Coin ‘Will Never Become Stablecoin,’ Says Expert appeared first on Coinpedia Fintech News
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 Nico
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