If Pi Network wants to cater to the next growth arena in artificial intelligence (AI) and tokenization, having a PiUSD stablecoin could be game-changing. Dr. Altcoin, a popular Pi community member, made the recent comments while the Pi coin price continues on a downward slope. The altcoin has already corrected 95% from its all-time highs, with no respite in sight.
Pi Network Could Launch Its Own PiUSD Stablecoin, Says Expert
Dr. Altcoin, a popular Pi community member, suggested that Pi Network may be planning to introduce its own stablecoin, potentially named PiUSD. According to him, such a development could be “transformative” for the artificial intelligence and robotics sectors. His comments come with the recent launch of Pi DEX and AMM (automated market maker) testnets, with the goal of boosting overall utility.
Dr. Altcoin noted that a Pi-backed stablecoin would enable seamless transactions between humans, AI agents, and autonomous robots within the Pi ecosystem. He believes that this would be a key step toward building a machine-to-machine (M2M) economy powered by blockchain technology.
Having a PiUSD stablecoin could further boost liquidity and utility within the ecosystem. However, the Pi Core team needs to really step up its game in getting new features to the platform, with real-world utility, and wining community confidence back.
Riding the Tokenization Wave
BlackRock CEO Larry Fink sees a new wave of opportunity ahead in the tokenization of real-world assets (RWAs). This has stirred market discussions with big players looking to tap into this sector.
Dr. Altcoin stated that Pi Network is well-placed to drive the next phase of real-world asset (RWA) tokenization. He cited its eco-friendly design, high transaction speed, and minimal gas fees.
Dr. Altcoin added that the network is currently undergoing an upgrade to integrate smart contract functionality, a critical feature that will enable the seamless transfer and tokenization of off-chain assets on-chain.
Pi Coin Recovery Ahead
The Pi Network testnet is currently undergoing the Protocol 23 upgrade, which is likely to go live on the mainnet by year’s end. These developments could help Pi coin recover from the abyss, as it currently struggles around $0.21. With Pi Coin’s steep fall in the past few months, experts have also been warning of the possibility of a rug-pull.
At the time of writing, Pi Coin is trading at $0.209, hovering just below the key resistance level of $0.229. A sustained breakout above $0.229, reinforced by improving technical signals and investor sentiment, could drive the price toward $0.256.
Source: TradingView
On the other hand, a breakdown below $0.200 would likely trigger renewed selling pressure, potentially dragging the price down to $0.180 or lower.
Expert Says A Pi Network Stablecoin PiUSD Could Be A Game-Changer for the Ecosystem
