Pi Network’s Founder Set to Deliver Keynote at Consensus 2025 as Momentum Builds Around New Stablecoin
Dr. Nicolas Kokkalis, founder of Pi Network, will deliver a keynote at Consensus 2025 in Toronto, signaling a major development in the digital currency space with speculation surrounding a new Pi-based stablecoin.
A Major Announcement on the Horizon for Pi Network at Consensus 2025
In what may prove to be a pivotal moment in the evolution of decentralized finance, Dr. Nicolas Kokkalis, the founder and lead developer of Pi Network, is set to speak at the prestigious Consensus 2025 conference. The event will take place from May 14 to May 16, 2025, at the Metro Toronto Convention Centre in Canada. His scheduled appearance has generated intense anticipation among cryptocurrency enthusiasts, investors, and blockchain developers globally.
The announcement of Kokkalis’s participation follows months of speculation that Pi Network could be preparing to unveil a new stablecoin. This speculation gained traction after a cryptic social media post on December 19, 2023, which many interpreted as a subtle nod toward the upcoming launch. The message, posted on a Bitcoin-affiliated account, hinted that a significant speech regarding a stablecoin would be made “before the world” in 2025—now widely believed to refer to Kokkalis’s appearance at Consensus.
What is Consensus 2025?
Consensus, hosted annually by CoinDesk, is widely regarded as the most influential global conference in the cryptocurrency and blockchain industry. It gathers thought leaders, project founders, policymakers, and institutional stakeholders to discuss the future of digital assets and emerging technologies. A keynote address at this event is not only an honor but often signals groundbreaking announcements that can shift industry trends.
Dr. Nicolas Kokkalis’s participation marks Pi Network’s most high-profile engagement on the global crypto stage to date. His keynote is expected to delve into Pi Network’s progress, ecosystem development, and potentially, the introduction of a new stablecoin pegged to real-world assets or currencies.
The Rising Influence of Pi Network
Launched in 2019 by a team of Stanford graduates led by Kokkalis, Pi Network was built with the vision of making cryptocurrency mining accessible to everyone through a mobile-first approach. Unlike traditional cryptocurrencies such as Bitcoin and Ethereum that require high-powered computing, Pi Network enables users to mine Pi coins using their smartphones. This innovative model has helped it amass over 60 million users globally as of early 2025.
In February 2025, Pi Network launched its open mainnet, allowing users to transfer, trade, and utilize Pi in a peer-to-peer marketplace. The launch marked a turning point, transitioning the project from a test network to a fully operational blockchain with real-world utility.
Speculation Around a Pi-Based Stablecoin
The cryptocurrency market has increasingly shifted its focus towards stability and regulatory compliance. Stablecoins, which are digital assets pegged to fiat currencies like the US Dollar or commodities like gold, offer a more stable medium of exchange and are seen as essential to mass adoption of blockchain technology.
There is growing speculation that Pi Network is preparing to enter this space with its own stablecoin. Although no official confirmation has been made, insiders suggest that a stablecoin could serve as the backbone of Pi’s burgeoning peer-to-peer economy, enabling smoother transactions, better price stability, and greater acceptance among vendors and users.
Such a development would align Pi Network with other major platforms like Ethereum and Solana, which already support widely-used stablecoins such as USDT and USDC. However, Pi Network’s unique community-centric approach could offer a distinct value proposition, especially in underbanked regions where mobile access is more prevalent than traditional banking services.
Why This Matters
The timing of this potential announcement is crucial. As regulatory pressures increase worldwide, the role of compliant and secure stablecoins is becoming more prominent. With the European Union, the United States, and Asia-Pacific nations tightening rules around crypto assets, any new stablecoin entering the market must be robust, transparent, and user-centric.
Pi Network’s massive user base provides a strong foundation for such a launch. A Pi-based stablecoin could facilitate everyday transactions, integrate with Pi apps, and serve as a bridge between fiat and crypto within the ecosystem. It would also position Pi Network as not just a mining experiment but a fully-fledged financial ecosystem ready for mainstream use.
What to Expect from Kokkalis’s Keynote
While the specific details of Dr. Kokkalis’s upcoming keynote have not been disclosed, it is expected to include:
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An overview of Pi Network’s growth since its inception
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Insights into the ongoing development of its ecosystem
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Possible announcements regarding new features and integrations
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Clarification on the long-anticipated stablecoin project
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Pi Network’s strategic roadmap for 2025 and beyond
Observers also believe the keynote will touch upon the network’s regulatory approach, KYC efforts, and how the platform plans to maintain decentralization while scaling operations globally.
Industry Reactions and Analyst Perspectives
Industry analysts have reacted positively to the news. Alex McGregor, a digital asset strategist at CryptoMarkets Today, noted:
“Pi Network has often been underestimated due to its mobile mining model, but it has quietly built one of the largest active communities in crypto. If they launch a stablecoin and secure regulatory approval, they could become a serious player in the global payments space.”
Others have pointed out that a stablecoin integrated with the existing Pi ecosystem could help improve liquidity and encourage more developers to build on the platform. By providing a stable medium of exchange, it could also encourage more vendors to accept Pi for goods and services.
A Glimpse into the Future of Decentralised Finance
As the world awaits Kokkalis’s appearance at Consensus 2025, expectations are high. Whether or not a stablecoin is officially launched during the event, the speech is likely to set the tone for Pi Network’s strategic direction in the coming years.
On 19/12/2023. It seems that Bitcoin already knew about the consensus2025 event so they posted a hint that there would be a speech to launch a new stablecoin before the world!
— Pi Network VietNames (@PiNetworkVNes) April 23, 2025
And now the better version is Pi network. The sponsor and founder of Pi network - Nicolas will have a… pic.twitter.com/1Jmi0LA7S3
With a foundation built on accessibility, decentralisation, and community empowerment, Pi Network is aiming to bridge the gap between everyday users and blockchain technology. The upcoming address in Toronto could solidify its position as a serious contender in the next generation of decentralised finance platforms.
Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.
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