The Pyth Network announced via X on Monday that the FRAX/USD price feed is now available to users. FRAX is a decentralized USD-pegged stablecoin issued through the Frax Finance Protocol. Thanks to this latest development, the FRAX/USD price feed is now available to smart contract developers on more than 40 blockchains.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is up by 2% in the last 24 hours and is currently trading at $0.8171 per coin.