- Pi Network has been listed at USD 1 on MEXC to give users a stable and regulated way to trade.
- USD1, backed by assets like the U.S. Treasuries tied to the Trump family, helps to bring more trust and visibility to Pi.
Pi Network has officially hit a huge milestone after MEXC, a well-known crypto platform, added it as a new trading option with the fresh USD1 stablecoin. As of May 27th, users can swap Pi Coin and Solana using the PI/USD1 and SOL/USD1 pairs. This move gives users a new opportunity to trade Pi with a stable cryptocurrency.
This new move marks an important step forward for the project, considering its goal to grow in the crypto space. With this new move, many thought there would be some sort of spike in the token’s price, but instead it has consistently fallen and now sits at a 4.5% decrease within the last 24 hours, raising questions about market response.
What is USD1, and what does the pairing mean for Pi?
USD1 is a stablecoin launched earlier in April. The token was designed in such a way that it is equivalent to the US dollar. The token was created by World Financial Liberty and is supported by “real world” items like government bonds, cash, and other safe assets. The USD1 is linked to the Trump family, as one of the businesses owned by the Trump family controls 60% of the company and gets 75% of the money made from all token sales.
This listing would help Pi gain more credibility and wider adoption. It also gives Pi traders access to regulated liquidity, meaning it’s easier to trade with real-world value. Another good thing is that it increases Pi’s chance of getting noticed by institutional investors. To celebrate the listing, MEXC is offering zero trading fees for these new pairs until June 26.
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