Pi Network has outlined how stablecoins could eventually fit into its ecosystem, while revealing an exploratory partnership with Open Standard, the company behind OUSD.
PI traded around $0.081 after gaining 2.4% in the last 24 hours. But the project has not launched OUSD integration, and the latest announcement included no timetable on when or how it will do so.
Pi Network gives stablecoins a supporting role
In its announcement, Pi Network said stablecoins could make certain payments and settlements easier because they have values that are predictable.
The fact that their values are predictable could prove useful to merchants, accountants, and outside businesses that might not want to accept an asset whose price can change quickly.
Not that stablecoins should displace its native asset, but what the team wants is for stablecoins to only serve as an additional payment option.
Pi has partnered with Open Standard to look at possible rewards for Pioneers and how else OUSD can be used.
The wording also shows that Pi is still looking at what the partnership could produce, and it has not confirmed that OUSD is available on the network. Also, it hasn’t announced when an integration might happen.
Details about rewards, eligibility, and the technical setup are also not available yet.
PI faces an immediate test at $0.08
The PI price response was positive but measured. Its price moved up from a daily low near the $0.0792 price level to above $0.08, reaching about $0.0814 at the time of this writing.
Trading activity showed that daily volume fell by over 55% to about $4.3 million. The fall suggests that the price increase did not lead to a rush of new buyers.
For now, $0.08 is the level to watch. This is because if it remains above this level, it could allow it to make another attempt at the $0.082 price area. This is key because this is an area where the recent move lost momentum.
But a fall below it would place the daily low near the $0.0792 price area back in focus. That doesn’t mean the recovery will end, but it would show that buyers were struggling to defend the gain in the first place.
The announcement gives Pi a clearer direction when it comes to stablecoins. But whether it provides lasting support for PI will depend on what the partnership eventually delivers.
Final Summary
- Pi Network is exploring OUSD-related rewards and utility, but no integration has happened.
- PI must hold the $0.08 level before a stronger move toward the $0.082 price level becomes more convincing.
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