Pi Network News: Testnet Stablecoin Goes Live, Mainnet Still Awaits
Pi Network News: Testnet Stablecoin, Ecosystem Summit and Price Today
Pi Network News today brings an early look at stablecoin mechanics on the network. A test version of OUSD is already trading in liquidity pools on Pi Testnet, well before the official stablecoin has any date on Pi Mainnet.
Source: Pioneer Account named as JoJo-π
The token comes from a community developer, has no real-world value and exists to rehearse swap tools. Meanwhile, the real Open Standard stablecoin, OUSD, went live on September 30 across Ethereum, Solana, Base and Tempo, and announced the PI-Open USD partnership.
So what does the PI stablecoin testnet token show?
Pi Network News Today: Testnet OUSD vs Official Open USD
The test OUSD was issued from a community account, with an address starting GD25 and ending 3RFO. Developers use it to see how automated market maker pools handle swaps, a 0.3% fee and price slippage. Live pool data is available on the Pi testnet API.
| Feature | Testnet OUSD | Official Open USD |
| Issuer | Community developer or test account | Open Standard consortium, issued via Bridge, a Stripe company |
| Purpose | Testing pools, fees and slippage | Real dollar payments and settlement |
| Backing | None | 1:1 dollar reserves, held at institutions including BlackRock |
| Value | $0.00 | Pegged to $1 |
| Status | Live on Pi Testnet only | Live since Sept. 30 on four networks (not on Pi yet) |
The official track is slower. A September 30 post on X confirmed the Core Team’s partnership with Open Standard, a group of 200+ partners that includes Visa, Google, Stripe and Mastercard.
The Core Team framed stablecoins as a companion to Pi, not a substitute. That Pi Network stablecoin update gave no contract address, launch date or reward mechanics for Pi OUSD.
The Pi Network testnet ecosystem therefore works as a rehearsal space. Smooth pool behavior shows the tools run in testing, though real Mainnet use depends on the Core Team’s rollout. Because testnet tokens carry no monetary value, nobody should pay for them.
Pi Network Upgrades 2026: Protocol 28 Mainnet Live Now
Pi Network News on the technical side centers on Protocol 28, which went live on Mainnet on October 16. Protocol 27 finished in late September, and node operators had been asked to upgrade by October 13. The new version improves how delayed transaction data is handled, allows batch smart contract upgrades and makes app data changes safer.
Source: api.mainnet.minepi
On-chain telemetry backs this up. It shows Mainnet running stellar-core and Horizon version 28.0.1, with ledgers past 29,312,500 and closes of about five seconds. Together, these changes strengthen the Pi Network blockchain for apps and the DeFi-style tools now being tested.
Another community post by Dao World, argues that Pi will follow Stellar to Protocol 30, which adds smart contract scaling, post-quantum signature checks and a millisecond ledger clock. The Pi Network blockchain has no published timeline for that step.
Pi Price Today Holds Near $0.0797 as the Wider Crypto Market Recovers
For Pi crypto news readers, the market data today as of October 21 by CoinMarketCap:
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Pi coin price: $0.07967, up 3% in 24 hours
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Market cap: $898.4M, up 3.31%, ranked #68
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24-hour volume: $3.51M, up 5.24%
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Fully diluted value: $7.97B
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Circulating supply: 11.27B of a 100B maximum
Bitcoin gained 1.22% to $82,590, and the wider crypto market rose 1.42%. The Pi bounce appears linked to that momentum, not to a coin-specific trigger, and thin liquidity can exaggerate such moves.
Pi Network Ecosystem Summit: What Builders Can Expect on Nov. 17–19
With Protocol 28 live, attention turns to the first online Pi Network ecosystem summit, which runs November 17 to 19. Per the summit announcement, the program includes:
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Platform releases and developer updates
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Developer demos
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App showcases from companies and community developers
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Talks with the Pi Core Team
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A new hackathon
It is the next scheduled checkpoint in Pi Network latest news, and a natural venue for updates on apps and utility.
Pi Network News over the coming weeks hinges on one date the Core Team has not given: when official OUSD reaches Pi Mainnet. Until a contract address appears, the testnet pool stays a rehearsal, and the November summit is the nearest checkpoint for real answers.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
