Pyth Network has launched multiple forex on-chain real-time prices, further building a borderless global financial market.

2025-04-11 03:21:24

Abstract generation in progress

Golden Finance reported that the decentralized oracle solution Pyth Network has launched multiple on-chain real-time prices for forex, specifically including: FX.USD/CLP — offshore spot forex rate for Chilean Peso FX.USD/COP — Colombian Peso offshore spot forex rate FX.USD/IDR — Indonesian Rupiah offshore spot exchange rate FX.USD/INR — Indian Rupee Offshore Spot Rate FX.USD/KRW — offshore spot exchange rate of the Korean Won FX.USD/PEN — Peru Sol offshore spot exchange rate FX.USD/PHP — Philippine Peso offshore spot forex rate FX.USD/TWD — offshore spot forex rate for TWD For a long time, forex data in emerging markets has been monopolized by banks and financial institutions, making it costly and limited in access. Pyth Network will make this data public, real-time, and accessible to anyone, greatly promoting DeFi innovation. DeFi protocols can build forex derivatives based on this data, stablecoin applications can provide fairer and more dynamic exchange rate conversions, and enterprises can hedge currency risks without relying on banks, further connecting DeFi and TradFi, on-chain and off-chain systems, to create a borderless global financial market.

PYTH-2.18%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.