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The yUSD/USD Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 1 year ago on December 9, 2024  •  Hassan Maishera

On Sunday, the API3 team announced via X that the yUSD/USD Exchange Rate is now available on the API3 Market.

The yUSD/USD Exchange Rate Launches on the API3 Market

On Sunday, the API3 team announced via X that the yUSD/USD Exchange Rate is now available on the API3 Market. $yUSD is YieldFi's stablecoin-based yield-bearing token, bringing a new level of composability & liquidity to the DeFi ecosystem. Thanks to this latest development, the new data feed is now available on 40 blockchain networks. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $2.545, up 4.5% in the last 24 hours.

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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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