Imagine a special kind of digital money that always stays the same value, like a dollar bill. These are called stablecoins! A guy who helped create a famous stablecoin called Tether is making a new one called Pi.
Pi will be different because it's run by many people, not just one company. It will use something called a 'smart contract' (like a digital agreement) to work on Ethereum and Solana, which are like computer networks for digital money.
- Pi will use bonds and other things to make sure it's worth the same as a dollar.
- It will compete with other big stablecoins like Tether and USDC.
- Stablecoins are super useful for buying and selling other digital money.
| Fact | Number |
|---|---|
| Total value of all stablecoins | Over $225 billion! |
| Tether's share of the market | More than 63%! |
| Value of stablecoin transactions in 2024 (predicted) | $15.6 trillion! |
So, Pi is a new player in a big and exciting part of the world of digital money!
