You are comparing it to Bitcoin, which has a high price, of course, when you converted bitcoin to 1 USD, it results in a fractional value. Bitcoin is not a stablecoin.
Then you try to make your argument sound reasonable by referring to the exchange rate of OUSD against the US dollar. Of course, OUSD is pegged to the US dollar because OUSD is a stablecoin.
If you are consistent with your claim that Pi Coin is a stablecoin, then there should be no such thing as a fraction of Pi. Instead, 1 Pi should be equivalent to 1 USD and, therefore, equivalent to 1 OUSD.
@Franken_blues Jika yakin itu palsu, yakin saja dgn persidangan yg sdh berlangsung...Yakinlah anda menang. Jgn juga diluar sidang menyatakan pihak lawan menyengsarakan rakyat Indonesia...Rakyat yg mana yg anda bawa2?
Misunderstanding of Financial Concepts Regarding "Pegging" and Currency Pairs
* Their Assumption: They claim that CEXs peg the pair as Pi/USD while the Pi ecosystem pegs it as USD/Pi, implying that a stablecoin would be pegged to Pi, with Pi serving as the anchor of value (GCV).
* Financial Rebuttal:
* Currency pair notation (Base/Quote) is merely a convention for quoting rates: Pi/USD (the amount of USD per 1 Pi) is the mathematical inverse of USD/Pi (the amount of Pi per 1 USD). Reversing the quote order does not alter the peg itself.
* Stablecoins (OUSD, USDC, USDT) are defined as such precisely because their value is pegged 1:1 to the US Dollar (USD) via banking cash reserves and bonds (e.g., BNY Mellon/BlackRock for OUSD). If a stablecoin were pegged to the volatile Pi, the asset would automatically lose its stability (resulting in a "de-peg").