Stablecoins are gaining popularity in the crypto market due to their stable prices, asset backing, and regulatory support.
Some experts from the Pi community believe that the rise of stablecoins could hinder Pi Network's goal of becoming a widely used global currency.
Pi Network faces challenges in competing with stablecoins due to issues like volatility, limited listings, and regulatory hurdles.
Despite challenges, Pi Network has unique advantages such as easy mobile mining, a strong community, and plans for ecosystem development that could help differentiate it from stablecoins.