RedStone launches Stellar price feeds after $10M exploit highlights oracle risks

Oracle provider RedStone deploys price feeds on Stellar as the network expands DeFi infrastructure and experiments with lending and tokenized assets.

Oracle provider RedStone has launched its price feed infrastructure on the Stellar network, introducing a new data layer for decentralized finance (DeFi) applications on a blockchain historically focused on payments and stablecoin transfers. 

The deployment makes price feeds for major crypto assets and stablecoins available on the Stellar mainnet, including Bitcoin (BTC), Ether (ETH), USD Coin (USDC) and PayPal USD (PYUSD). The rollout also includes pricing data for the Franklin Templeton BENJI tokenized money market fund. 

RedStone said the feeds are designed to support financial applications like lending markets, decentralized exchanges (DEXs) and tokenized real-world asset (RWA) platforms building on Stellar. 

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