New Pyth Data Provider: Cables Finance
May 15, 2024
The Pyth data provider community is excited to welcome Cables Finance, a suite of products including a hybrid DEX built on the Avalanche blockchain, to the network.
Cables Finance is contributing its proprietary data on cryptocurrencies and FXs to help secure the Pyth Price Feeds in their coverage real-time assets, and support the greater Pyth mission of delivering reliable, real-time access to price data for blockchain developers.
“We are thrilled to continue our mission of bringing reliable FX on-chain by providing Pyth with accurate TradFi data. Through this partnership, real-time FX data can be available directly on the blockchain for a global development network.” – Benjamin Goldberg, Product Lead at Cables Finance
Who is Cables Finance?
Cables is building a unified DeFi and Cefi liquidity layer, aiming to bring FX on-chain.
Cables has built a suite of products on the Avalanche and Stellar blockchains, supporting both DeFi and CeFi users through a multi-chain DEX and stablecoin bridge.
Cables is revolutionizing the aging, monopolized foreign exchange (FX) industry and strengthening the young cryptocurrency industry by bringing blockchain rails to the FX markets, as well as bringing FX liquidity and trading products to the stablecoin market.
By bridging established centralized technology with the transparency and efficiency of decentralized technologies, Cables is creating a blended, balanced, and trusted ecosystem for finance to be executed on-chain.
The Pyth Network community welcomes more amazing data partners to join their ranks and help build a decentralized marketplace for institutional-grade, high-fidelity financial data.
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