According to EmberCN, several CEXs have launched $PI spot trading today with the current price at $0.9. HTX had previously settled user-held PI (IOU) at $61.28 on February 15. HTX's decision to settle in USDT at the time of PI (IOU) delisting rather than converting to the mainnet PI avoided user losses due to the significant price difference between PI (IOU) and mainnet PI.

According to @EmberCN, HTX will delist PI (IOU) tokens as the Pi Network mainnet is set to launch on the 20th. PI (IOU) holders on HTX will have their tokens automatically converted to USDT at a final trading price of $61.28 within a week post-delistment. Once the mainnet goes live, HTX plans to relist the mainnet PI coins. This transition marks the completion of the PI (IOU) trading phase on HTX.