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Pyth Network has launched its USDY/USD price feed, now available on over 65 blockchains. This initiative, facilitated by Ondo Finance, aims to enhance real-world asset trading backed by USD with real-world yield. The new price feed is expected to significantly impact Pool 2 trading. Pyth Network, previously known primarily as a Solana oracle, has expanded its reach, with EVM chains accounting for the majority of its $8.1 billion in Total Value Secured (TVS) as of June. This launch marks Pyth Network's integration into the Ondo Ecosystem and highlights its role in providing tokenized securities.
Think Pyth is just a Solana oracle? Think again. In June, EVM chains accounted for the majority of Pyth’s $8.1 billion in TVS (Total Value Secured). We’re here to support builders, wherever they go 🔮 https://t.co/8UJUjqZCBG
In our market neutral fund, we are actively participating in @usualmoney's launch through minting USD0 and providing liquidity. We believe in a future where DeFi's preferred stablecoin is a natively yielding asset backed by treasury yields. https://t.co/hIATNTqYE2
Real world asset trading backed by USD with real world yield 🤯 The magic soon to be seen on Pool 2 made possible by Pyth's new USDY/USD Price feeds! https://t.co/aFOlZ3SuYc