Band Protocol and Arc Join Forces for $USDC Price Feed Integration

Band Protocol, a popular data layer for training AI engines, has announced its official integration with Arc, an L1 chain to unify programmable money. As a part of this collaboration, Band Protocol is integrating verified $USDC price feeds via the Arc testnet. As the official press release shared by Band Protocol reveals, the move permits builders to develop transparent and reliable Web3 and DeFi applications. Hence, the development brings improved real-world financial statistics to the cutting-edge modular infrastructure of Arc.

Band Protocol Integrates Verifiable $USDC Price Feeds via Arc Testnet

With this partnership, Band Protocol is integrating $USDC price feeds through the testnet of Arc in a transparent environment. The initiative also indicates the wider shift toward an open-standard and decentralized oracle network to back innovation, transparency, and resilience across the blockchain sector. Complementing this development, Arc permits developers to link applications and digital assets across diverse ecosystems seamlessly. 

Apart from that, with the integration of the decentralized oracle network of Band, Arc can deliver developers verifiable price data regarding $USDC. This denotes an essential element for establishing DeFi primitives, real-world asset protocols, and stablecoin applications. Simultaneously, the modifiable oracle framework of Band strengthens developers to validate and request data without much latency. This guarantees transparency and accuracy throughout each transfer.

Additionally, the integration paves the way for the broader expansion of more price feeds as well as datasets while Arc is nearing the mainnet launch. Thus, it fortifies the ecosystem by backing different oracle solutions instead of depending on a sole provider. Along with that, the integration signifies the movement toward an open-standard, multi-oracle Web3 future. Rather than one network overpowering data delivery, the respective approach bolsters collaboration between sovereign oracle providers for enhancement of fault tolerance and reliability.

Developers Get Flexibility and Freedom with Decentralized and Flexible Solutions

According to Band Protocol, the integration Arc benefits developers with freedom in terms of choice. This enables them to choose coracle solutions based on their project’s requirements when it comes to data diversity, decentralization, and speed. Ultimately, the duo is poised to pioneer a robust future marked by verifiable data, decentralized architecture, and open-source collaboration to empower a relatively connected and stronger Web3 ecosystem.