Pi Network Explores OUSD Payments as PI Trades Near $0.083

Pi Network is evaluating a potential role for the Open USD (OUSD) stablecoin to support ecosystem payments and Pioneer rewards, according to an October 8 statement from the project. However, the network has not confirmed a live integration on the Pi Mainnet, leaving commercial and technical settlement workflows unfinalized.

The native token PI traded near $0.0835 on October 11 with approximately $2.8 million in 24-hour trading volume, according to CoinGecko data. The asset remains below its October 1 close of $0.0901, having hit closes of $0.0808 on October 8 and $0.0834 on October 10.

Partnership Scope and Network Milestones

Open Standard launched OUSD on September 30 across Base, Ethereum, Solana, and Tempo, but Pi Mainnet was not among the initial deployment chains. The dollar-backed token is issued by Bridge, a Stripe company, with underlying reserves held at BlackRock, Lead Bank, and BNY.

While Pi appears on Open Standard's roster of over 200 participating partner institutions, the project team noted that its current focus remains on establishing design and compliance principles. Official details have not yet specified qualification rules for Pioneer rewards, whether distributions would be issued in PI or OUSD, or how dollar settlements will connect to native coin demand.

Pi Network participants face upcoming technical dates, including an October 13 node deadline and a scheduled Protocol 28 activation on October 16, though neither event represents an official OUSD deployment.

Key facts

• PI traded near $0.0835 on October 11, down from $0.0901 on October 1.
• OUSD launched on September 30 natively on Base, Ethereum, Solana, and Tempo.
• Bridge, a Stripe company, issues OUSD with reserves held at BlackRock, Lead Bank, and BNY.
• Pi Network has an October 13 node deadline and an October 16 Protocol 28 activation date.