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Introduction
USDV and DIA have recently forged a strategic partnership aimed at integrating USDV price oracles into the Telos network, an initiative that promises significant value and efficiency to users and stakeholders alike.
USDV: The Pinnacle of Transparency
USDV, widely recognized as the first stablecoin of its kind, has garnered acclaim for its unparalleled transparency and efficacy. One of its standout features includes the provision of on-chain supplies and real-time updates on off-chain balances, thereby ensuring a seamless and reliable operational framework across various blockchains.
Operating on the Omnichain fungible token (OFT) standard, USDV offers a standardized approach to transactions and eliminates the need for wrapped versions, further streamlining the user experience and enhancing operational efficiency.
USDV: Backed by Real-World Assets
USDV stands out for its robust backing by high-level tokenized real-world assets (RWAs) that surpass or are at par with the value of the underlying assets. This backing not only ensures the stability of USDV but also instills confidence and security among users, setting a new standard in the world of stablecoins.
The Integration of DIA’s Custom Price Feed
In light of USDV’s omnichain nature, DIA has developed a tailored price feed designed to provide accurate real-world asset pricing information. By aggregating trade data from Ethereum, Arbitrum, and the BNB Chain, DIA’s price feed offers a comprehensive and reliable source of asset valuation across different blockchain networks.
Ensuring Data Integrity
All trades with a liquidity threshold of $1 million or more are meticulously collated from DEX pools on Ethereum, Arbitrum, and BSC, a practice that underlines the resilience and accuracy of the data sources, even amidst potential market fluctuations.
Additionally, the price feed is safeguarded by a 5% guardian mechanism to prevent external interference. In cases where the price differential between the pools and external sources exceeds 5%, the oracle will refrain from releasing updates, thereby ensuring data integrity and reliability.
Implications of the Collaboration
Matthew Commons, President of the Verified USD Foundation, emphasized the seamless integration of DIA’s custom price feed with USDV’s omnichain functionality. This collaboration not only guarantees precise visibility of USDV prices across multiple blockchains, including BNB Chain, Ethereum, and Arbitrum but also heralds a new era of growth for USDV, enabling access to diverse DeFi opportunities beyond the Telos ecosystem.
Community-Centric Stablecoin Ecosystem
USDV, a community-driven native omnichain stablecoin overseen by the Verified USD Foundation, embodies a commitment to fostering a stablecoin ecosystem that ensures fair distribution of benefits and value among its community of contributors. With a focus on transparency, reliability, and innovation, USDV continues to redefine the landscape of stablecoin technology.
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