Pyth Network expands offerings with W/USD price feed and USDB stablecoin

2024-4-4 15:24

Pyth Network, a leading provider of decentralized financial data, has announced the release of its highly anticipated W/USD price feed alongside the introduction of the USDB stablecoin.

These developments mark significant milestones for the network and are poised to enhance its capabilities within the burgeoning decentralized finance (DeFi) landscape.

What does W/USD price feed offer?

The W/USD price feed is a notable addition to Pyth’s offerings, providing real-time pricing data for the governance token $W of Wormhole, a prominent interoperability platform facilitating multi-chain bridges and applications.

With the W/USD price feed now available on more than 50 blockchains, Pyth solidifies its position as a key player in the provision of accurate and timely financial data across diverse ecosystems.

USDB stablecoin

In addition to the W/USD price feed, Pyth has introduced the USDB stablecoin, serving as the native stablecoin of Blast_L2.

USDB boasts automated release mechanisms for both externally owned accounts (EOAs) and smart contracts, streamlining the process of stablecoin issuance and utilization within decentralized applications (dApps) and DeFi protocols.

Both the W/USD price feed and the USDB stablecoin are now accessible on 50 blockchains, underscoring Pyth’s commitment to broadening accessibility and inclusivity within the decentralized finance space.

The availability of these critical financial infrastructure components across multiple blockchains facilitates seamless integration into a wide array of DeFi protocols and applications.

The post Pyth Network expands offerings with W/USD price feed and USDB stablecoin appeared first on Invezz

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