# ecosystem

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The challenge of stablecoins to Pi coin:
The goal of the Pi Network for Pi coin is to become a widely adopted global cryptocurrency, emphasizing accessibility, mobile mining, and a peer-to-peer ecosystem. The sudden popularity of stablecoins (cryptocurrencies pegged to fiat currencies or commodities) poses a challenge to this goal.
Stablecoins pose a challenge to Pi coin's goal of becoming a global currency by providing price stability, broad adoption, compliance, and diverse use cases. Their integration with the financial system and the trust between users and institutions surpass the existin

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RainAlley_Azi

07-29 04:31

Do I think #PiNetwork has succeeded? Of course! Here are some facts:
1. Over 65 million users in more than 200 countries/regions worldwide.
2. 4.34 million X fans, ranking third among the top ten cryptocurrencies, behind Binance's 14.7 million and Bitcoin's 7.8 million.
3. KYC verification has over 18 million users, and more than 13 million users have migrated Pi tokens to their wallets. These huge numbers are unprecedented for a newly launched cryptocurrency.
4. Ranked 34th by market capitalization among all cryptocurrencies.
5. Pi Network has activated over 400,000 nodes on Testnet 1, Testne

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