PYTH is a cryptocurrency designed to revolutionize the way data is sourced and verified within decentralized finance (DeFi) ecosystems. PYTH operates as an oracle network, specializing in bringing real-world data onto the blockchain with high accuracy and low latency. This allows smart contracts to access reliable data feeds, making it a critical infrastructure component for DeFi and other blockchain-based applications.
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*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*Â Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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