TechFlow news: Oracle project DIA has announced a collaboration with Stable to launch a collateralized USDLR stablecoin price oracle on Arbitrum.
This oracle has become essential for the Sperax platform in issuing its USDs stablecoin. USDLR is a fiat-backed stablecoin pegged to the US dollar and issued by Stable, fully collateralized by 100% cash and cash equivalents, enabling easy holding, transferring, trading, and use in DeFi activities. The USDLR oracle utilizes a collateral ratio-based pricing feed to assess the real-time valuation of USDLR's collateral reserves, and has been successfully integrated into the Sperax platform, supporting the issuance of its USDs stablecoin.
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