**Pi Network Hits 2.69 Million Mainnet Users Following Mass KYC Verification**
Pi Network recently achieved a significant milestone by reaching 2.69 million mainnet users after completing a large-scale Know Your Customer (KYC) verification process. This rapid migration to the mainnet marks a new phase in the network’s development, as millions of community members, known as “Pioneers,” moved their PI tokens onto the platform.
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**PI Token Price Surges to Three-Week High**
The PI token experienced a 20% price jump within 24 hours, climbing to $0.25—a three-week high. This marks a notable recovery after a prolonged downward trend. Since its launch in late February 2025 at around $3, PI has faced significant challenges, losing over 93% of its value by October 10, when it hit an all-time low of $0.172.
Following this bottom, the price found support near the $0.20 level through mid-October. The recent surge breaks this consolidation pattern, sparking optimism among investors and community members.
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**Upcoming ISO 20022 Integration Scheduled for November 22, 2025**
A key development on the horizon for Pi Network is the planned integration of the ISO 20022 financial messaging standard, scheduled for November 22, 2025. ISO 20022 is a global standard widely adopted by banks and payment systems for financial transactions. Its implementation promises to offer faster, cheaper cross-border payments and enhanced transparency for international transactions.
This integration aligns Pi Network with traditional banking infrastructures and could enable direct communication with global banking systems such as SWIFT. Community reports indicate that this connection might allow banks to process transactions using Pi’s blockchain infrastructure, placing Pi alongside other cryptocurrencies like XRP and Stellar (XLM) known for ISO 20022 compatibility.
While this integration does not guarantee regulatory approval, it represents a significant step toward bridging the gap between cryptocurrencies and conventional finance.
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**Technology & Infrastructure: Stellar Consensus Protocol Backbone**
Pi Network operates on the Stellar Consensus Protocol (SCP), a framework known for its security, scalability, and energy efficiency. SCP provides a balance between decentralization and performance, making it well-suited for banking-grade standards and regulatory compliance.
The protocol’s low-energy footprint ensures minimal environmental impact while supporting high throughput, reinforcing Pi Network’s strategy to build a sustainable and scalable blockchain ecosystem.
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**Market Sentiment and Recent Developments**
Several factors seem to be driving the recent PI token price surge. Industry observers suggest increased Wall Street capital inflow and progress on SWIFT integration as key motivators behind renewed buying interest.
Notably, the OKX exchange announced that it has passed Know Your Business (KYB) verification for Pi Network, integrating Pi Bank’s cross-border banking capabilities into the SWIFT system. This development positions Pi Network for enhanced global transaction capabilities and may further boost investor confidence.
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**Historical Price Context and Future Outlook**
PI token’s price history includes previous sharp rallies followed by declines. In May, a major announcement led to a triple-digit surge, peaking at $1.70 before reversing course and eventually falling below its starting price.
Given this pattern, questions remain about the sustainability of the current 20% gain. Throughout 2025, PI has been one of the cryptocurrency market’s underperformers, continuing its downtrend while many other assets reached new highs.
Nonetheless, with the November 22 ISO 20022 rollout approaching and the expanding user base evidenced by successful mainnet migration and rigorous KYC completion, community confidence appears steady. These developments may well position Pi Network for renewed growth as it moves toward greater financial standardization and interoperability.
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*Stay tuned for further updates on Pi Network’s journey towards mainstream blockchain adoption and banking integration.*
https://coincentral.com/pi-network-pi-price-31-weekly-rally-as-2-7-million-users-migrate-to-mainnet/