PI NETWORK TESTS STABLECOIN PEGGER – A MAJOR STEP IN ITS ECOSYSTEM

In a significant move for the Pi Network's decentralized finance (DeFi) ambitions, new technical evidence suggests the core team is actively testing a Stablecoin Pegger — a mechanism designed to maintain price stability for a potential Pi-backed stablecoin.

🔍 Technical Evidence:

On the left side of the image, the codebase is being updated to use Stellar Core version 19.6.0, one of the latest and most stable releases, known for its DeFi compatibility.

A Python test case shows the instantiation of a StablecoinPegger object with a target price of 314159, a tolerance of 0.05 (5%), and connection to the Pi Network’s own RPC endpoint (rpc.pi-network.io).

⚙️ This indicates that Pi Network is either simulating or deploying a stablecoin mechanism (possibly PiUSD), using price feeds from external exchanges like Binance (as shown by the mocked function ccxt.binance.fetch_ticker).

💸 On-chain Evidence:

On the right side, the Pi Block Explorer reveals recurring 0.0001 Pi transactions to the same destination address GABF...JNL6 from various sources.

The frequency and consistency of these payments suggest an automated process or smart contract is actively operating — potentially part of the pegging or fee collection mechanism.

💡 Strategic Implications:

The implementation of a Stablecoin Pegger confirms that Pi Network is progressing toward a fully functional financial infrastructure, not limited to peer-to-peer transactions but extending to stable assets and advanced financial tools.

This development paves the way for Web3 applications such as DEXs, lending platforms, and staking mechanisms that require a stable medium of value.

🔮 Final Thoughts:

Pi Network is evolving beyond its origins as a mobile mining experiment. The integration of features like Stablecoin Peggers signals its readiness to support real-world financial use cases . It’s a True power of Pi .