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Pyth Network Releases the USDY/USD Price Feed

Twitter icon  •  Published 1 year ago on July 11, 2024  •  Hassan Maishera

The Pyth Network announced via X on Wednesday that the USDY/USD price feed is now available to users.

Pyth Network Releases the USDY/USD Price Feed

The Pyth Network announced via X on Wednesday that the USDY/USD price feed is now available to users. Ondo Finance’s US Dollar Yield (USDY) asset is a tokenized note secured by short-term US treasuries. $USDY offers a stable, yield-generating alternative to traditional stablecoins, blending the benefits of on-chain finance with the reliability of traditional assets.

Thanks to this latest development, the Pyth USDY/USD price feed is now available on more than 65 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 down by 3% in the last 24 hours and is currently trading at $0.2994 per coin.

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Author

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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