Partnership with USDLR by Stable

USDLR is a fiat-backed stablecoin issued by Stable that shares revenue with companies and protocols that distribute it. Pegged to the U.S. dollar and 100% backed by cashand cash equivalents in regulated financial institutions, it facilitates holding, transfer, trading, and DeFi activities.

USDLR reserves are stored in two places: cash and USDC are stored with BitGo, and treasury bills are stored with the investment manager, Zerocap. Weekly, third-party attestations are provided by NAV Consulting and published here.

Distinguished by weekly third-party attestations and a business model incentivizing affiliates, USDLR represents a fusion of stablecoin utility and affiliate growth potential.

We are delighted to announce the collaboration with Stable to launch a custom price oracle for the USDLR stablecoin. The oracle, deployed in the Arbitrum network, will enable the integration and secure usage of the stablecoin in DeFi activities.

Due to the nature of the stablecoin, which is built with collateral comprised of USDC, cash, and T-bill reserves, DIA has developed a collateral ratio-driven price feed for USDLR. This methodology, instead of focusing on the market price of the asset, assesses the collateral reserves of USDLR in real time to price the asset. It involves a variety of real-time on-chain and off-chain data, including the total supply of USDLR and collateral reserves from the asset manager, among others.

This approach will enable DIA to secure a pivotal move for USDLR, utilizing a fully transparent methodology that accounts for the asset’s collateralization. Learn more about this methodology in USDLR’s Custom Delivery Request on the DIA Forum.

The oracle has already been integrated with and is powering several dApps. For example, the USDLR oracle will be instrumental for the Sperax platform to mint its stablecoin, USDs, using USDLR as collateral.