USDV and DIA have joined forces to introduce USDV price oracles to the Telos network, with plans for integration into the Telos Bridge upon its launch.

USDV, the pioneering stablecoin known for its transparency, showcases on-chain supplies and real-world balance updates off-chain. Operating on the Omnichain fungible token (OFT) standard ensures seamless operations across multiple blockchains, eliminating the need for wrapped versions.

Moreover, USDV is fully backed by top-tier tokenized real-world assets (RWAs), ensuring reliability and safety for users.

Given USDV's omnichannel nature, DIA has developed a tailored price feed to accurately assess real-world asset prices. This involves aggregating trade data from Ethereum, Arbitrum, and the BNB Chain, including trades with liquidity of $1M or more from DEX pools on these platforms, ensuring data source resilience against potential market price fluctuations.

The price feed will be secured with a 5% guardian to protect against external interference. If the price deviation between pools and external sources exceeds 5%, the oracle will halt updates.

Matthew Commons, President of the Verified USD Foundation, emphasized that DIA's custom price feed seamlessly complements USDV's omnichain functionality, ensuring precise price visibility across multiple blockchains. This collaboration is pivotal for USDV's growth, expanding its DeFi opportunities beyond the Telos ecosystem.

USDV, governed by the Verified USD Foundation, aims to foster a stablecoin ecosystem that promotes equitable distribution of value among its community contributors.