The network’s recent partnership with Open Standard, the entity behind Open USD (OUSD), has sparked debate among users regarding the future utility of the ecosystem. While the collaboration aims to explore reward programs and stable-value payment options, the Core Team maintains that PI remains the primary digital asset for all network processes. Officials noted that stablecoins are intended to serve merchants and applications requiring predictable pricing, rather than acting as a substitute for the native token.
Technical development continues to run parallel to these strategic shifts. Pi Network is preparing for the Protocol 28 upgrade, scheduled for October 16. This update focuses on optimizing transaction-data handling and improving smart contract maintenance, providing developers with more robust tools for scaling. Node operators are required to complete their software updates by October 13 to ensure compatibility with the new standards.
Market data underscores the ongoing volatility, with PI currently hovering near the $0.08 support level. Technical indicators, including the MACD and BBTrend, suggest that downward momentum remains a concern for traders. While the upcoming protocol upgrade marks a significant technical milestone, the market has yet to see a definitive timeline for the integration of OUSD or any specific reward mechanisms for participants.
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