#Aptos

Pyth Launches USDY Price Feed For Aptos And Sui DeFi Markets

Pyth Network has officially launched a USDY/USD price feed to support Ondo Finance’s yield-bearing USDY asset on the Aptos and Sui blockchain ecosystems. This integration provides developers with real-time pricing data, which is a critical prerequisite for incorporating tokenized assets into lending markets, collateral systems, and trading products. By enabling reliable on-chain valuation, the feed addresses a significant infrastructure barrier that previously hindered the safe integration of yield-bearing notes. While the launch does not guarantee immediate DeFi growth, it establishes the necessary technical foundation for protocols to manage risk parameters and liquidation systems effectively. For both Aptos and Sui, this development represents a strategic effort to broaden their financial infrastructure and attract institutional-grade use cases. The move highlights the growing importance of oracle networks in the broader RWA ecosystem, where accurate data is essential for the functionality of tokenized Treasuries and similar financial instruments. Ultimately, this integration demonstrates how incremental improvements in data accessibility are essential for the maturation of on-chain real-world asset markets.

bitcoinist.com·3h ago