Pi Network may pursue the dual-ticket route used by XRP and launch PiUSD stablecoin to provide stability to Pi coin utility.
The direction of Pi Network could soon be similar to that of XRP, switching to a dual-token system to increase the stability and scalability of its ecosystem.
Even though rumors are rampant with community speculation about Pi hitting a staggering value of $314,159 through a so-called dual value system on the same ticker, experts and insiders set the matter straight and make it a misconception.
Source –X
In contrast to the division between XRP and the stable currency RLUSD, Pi Network is projected to use two distinct tokens, namely Pi and a future PiUSD stablecoin.
Pi Core Team (PCT) is currently making a strategic shift towards incorporating real-world assets on-chain, which follows standards such as ERC-3643 to tokenize real-world assets.
This incorporation requires a trusted means of exchange; therefore, the expected introduction of PiUSD as a stablecoin is to enable the transactions of assets within the Pi ecosystem.
In addition, the fact that it collaborates with OpenMind to enable the use of decentralized robotic systems also highlights how the stablecoin needs transactional stability in the payment of robotic services.
Emerging PiUSD: Stability and the Key-Stone.
Pi Network is becoming mature with the proposed PiUSD stablecoin. It will lessen the risks of price volatility that will impede its adoption by merchants and institutional players.
This is similar to the dual token approach of XRP, with XRP being used to process liquidity and cross-border payments, and RLUSD to provide stability in invoicing and payments.
PiUSD can have a similar effect and tie the commercial and real-life asset activities of Pi to a stable value.
The benefits of using this model are the ability to expand the scope of usage, along with better economic definitions of each token and increased institutional friendliness on the basis of regulatory acceptance of stablecoins.
Nevertheless, issues persist: fear of dilution of the token value, technical difficulties in ensuring interoperability, and adherence to strict global regulations of stablecoins.
The execution of such a system would probably be a multi-year process in which Pi Network finishes its mainnet launch and ecosystem growth, which will provide the foundation for the gradual introduction of PiUSD.
Pi Road Ahead Community Coin to Scalable Ecosystem.
Pi Network is now approaching critical milestones such as the Open Mainnet launch and the introduction of a decentralized exchange (Pi DEX). The Pi DEX aims to address centralized exchange manipulation. It will also allow transparent pricing.
Pi has more than 60 million users, and its growth potential is enormous. This potential will continue if it develops its tokenomics and focuses on the practical use of its tokens instead of the hype.
The two-token system might be the beginning of Pi’s shift to community-based novelty. It aims to build a strong, scalable blockchain framework that supports real-life business and AI-based applications.
Pi Network is changing its tokenomics by modifying the locked–unlocked token supply model. This change aims to reduce sell pressure and promote a healthier ecosystem.
The introduction of security improvements, such as 2FA and KYC/KYB compliance, is an indicator that it is about to participate in regulatory activities, which is a significant move before the release of stablecoins and their broader acceptance by the market.
Source: https://www.livebitcoinnews.com/pi-network-news-could-pi-mirror-xrps-dual-token-success/