Shocking News: Pi Network’s Stablecoin Debut Causes Price to Plummet! 😱

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In a turn of events that could only be described as thrilling, the Pi Network has found itself in the limelight, as the cryptocurrency exchange MEXC has officially rolled out the red carpet for new trading pairs featuring the freshly minted USD1 stablecoin. Yes, you heard it right! Starting today, May 27, users can now engage in the delightful pastime of trading pairs like PI/USD1 and SOL/USD1 on the exchange. Who knew trading could be so exhilarating? 🎉

What on Earth is USD1?

As our dear friend Dr. Altcoin would put it, USD1 is a fiat-backed stablecoin that aims to maintain a 1:1 value with the US dollar. It’s like the dependable friend who always shows up on time, supported by US Treasuries, cash, and cash equivalents. This little gem was introduced in April 2025 by World Liberty Financial, a Miami-based fintech company that sounds like it could be the setting for a new reality show.

Now, what truly makes USD1 the belle of the ball is its rather illustrious backing. The company is majority-owned by entities that have a rather cozy relationship with the Trump family business. Yes, you read that right! A Trump-owned entity holds a whopping 60% of World Liberty Financial and is entitled to a staggering 75% of all revenue from coin sales. Eric Trump and Donald Trump Jr. are also reportedly rolling up their sleeves and getting involved in the management. Talk about family business! 🍿

Why Should We Care About This for Pi Network?

This new trading pair is not just another feather in the cap — it’s a monumental leap for Pi Network as it sashays toward broader adoption. By pairing with a compliant, dollar-backed stablecoin, Pi is not just gaining access to regulated liquidity; it’s also strutting into the spotlight of greater institutional exposure. Who knew cryptocurrencies could be so glamorous?

After a lengthy six-year saga of development, mining, and community building, Pi Network is now rubbing shoulders with the big boys of the crypto world, like Solana. This listing could very well be the golden ticket to regulated financial infrastructure, attracting the attention of mainstream investors, and providing access to traditional financial networks. It’s like the prom night of cryptocurrencies! 🎊

However, in a plot twist that would make even the most seasoned soap opera writer raise an eyebrow, the Pi coin price has yet to respond to this news with the enthusiasm one might expect. Instead, it has dipped more than 3% in the last 24 hours, trading at a rather lackluster $0.74. After reaching a monthly high of $1.57, Pi seems to be taking a leisurely stroll sideways. It appears that Pi will face some rather stiff resistance near the $1 mark in the short term. Oh, the drama! 😅

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2025-05-27 15:25