Pi Network Enables PI Token as Collateral for Stablecoin Lending

Pi Network has announced a significant update that allows Pioneers to use their PI tokens as collateral for borrowing stablecoins. This marks a major step towards increasing the platform’s utility and engaging users, according to project founders Nicolas Kokkalis and Chengdiao Fan. By integrating this new feature, Pioneers can access greater financial opportunities within the decentralized ecosystem. This move is expected to significantly boost the Pi Network’s user activity and position it as a player in the crypto space by 2025 when full Open Network compatibility is anticipated.