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LEO $10.28 (+0.36%)

ADA $0.25 (-0.08%)

BCH $453.51 (-0.40%)

XMR $378.90 (+2.39%)

LINK $9.40 (-0.25%)

ZEC $355.44 (-0.25%)

CC $0.15 (-1.60%)

XLM $0.17 (-2.12%)

M $4.27 (-1.51%)

LTC $56.21 (-0.51%)

AVAX $9.42 (-0.59%)

HBAR $0.09 (+1.04%)

Pyth Network Releases the USDY/USD Price Feed

• Published hace 1 año 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.

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.

Next article REAL Partners With RWA Inc. to Advance Infrastructure for Tokenized Real-World Assets

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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