diff --git a/src/__tests__/graphqlPairs.test.ts b/src/__tests__/graphqlPairs.test.ts
new file mode 100644
index 00000000..6d31bbb2
--- /dev/null
+++ b/src/__tests__/graphqlPairs.test.ts
@@ -0,0 +1,150 @@
+import { describe, it, expect, vi, beforeEach } from 'vitest'
+import Fastify, { type FastifyInstance } from 'fastify'
+
+const USDC_ISSUER = 'GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN'
+const AQUA_ISSUER = 'GBNZILSTVQZ4ROOOA3KLGGBKLS5O3UMT7GHIHMXHGOSSSTJRXORMSKE8'
+
+const mocks = vi.hoisted(() => {
+  const usdcIssuer = 'GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN'
+  const aquaIssuer = 'GBNZILSTVQZ4ROOOA3KLGGBKLS5O3UMT7GHIHMXHGOSSSTJRXORMSKE8'
+  return {
+    getCachedPrice: vi.fn(),
+    getAggregatedPrice: vi.fn(),
+    getBestRoute: vi.fn(),
+    pgPoolQuery: vi.fn(),
+    pairs: [
+      {
+        pairKey: `USDC:${usdcIssuer}/XLM`,
+        assetA: { code: 'USDC', issuer: usdcIssuer },
+        assetB: { code: 'XLM', issuer: null },
+      },
+      {
+        pairKey: `AQUA:${aquaIssuer}/XLM`,
+        assetA: { code: 'AQUA', issuer: aquaIssuer },
+        assetB: { code: 'XLM', issuer: null },
+      },
+    ],
+  }
+})
+
+vi.mock('../redis', () => ({ getCachedPrice: mocks.getCachedPrice }))
+vi.mock('../db', () => ({ pgPool: { query: mocks.pgPoolQuery }, prisma: {} }))
+vi.mock('../aggregator/vwap', () => ({ getAggregatedPrice: mocks.getAggregatedPrice }))
+vi.mock('../aggregator/bestRoute', () => ({ getBestRoute: mocks.getBestRoute }))
+vi.mock('../config', () => ({
+  activeNetwork: 'mainnet',
+  config: {
+    pairs: mocks.pairs,
+  },
+}))
+
+import { registerGraphQL } from '../api/graphql'
+
+const PAIRS_QUERY = `query {
+  pairs {
+    pairKey
+    network
+    assetA {
+      code
+      issuer
+    }
+    assetB {
+      code
+      issuer
+    }
+    latestPrice
+    lastUpdated
+  }
+}`
+
+const LIST_PAIRS_QUERY = `query {
+  listPairs
+}`
+
+describe('GraphQL pairs and listPairs queries', () => {
+  let app: FastifyInstance
+
+  beforeEach(async () => {
+    vi.clearAllMocks()
+    mocks.getCachedPrice.mockResolvedValue(null)
+    mocks.getAggregatedPrice.mockResolvedValue({})
+    mocks.getBestRoute.mockResolvedValue({ route: 'SDEX' })
+    app = Fastify({ logger: false })
+    await registerGraphQL(app)
+    await app.ready()
+  })
+
+  it('keeps listPairs working for backward compatibility', async () => {
+    const res = await app.inject({
+      method: 'POST',
+      url: '/graphql',
+      payload: { query: LIST_PAIRS_QUERY },
+    })
+    const json = res.json()
+    expect(json.errors).toBeUndefined()
+    expect(json.data.listPairs).toEqual([
+      `USDC:${USDC_ISSUER}/XLM`,
+      `AQUA:${AQUA_ISSUER}/XLM`,
+    ])
+  })
+
+  it('resolves pairs query carrying full asset metadata, network, and price info', async () => {
+    const timestamp = new Date('2026-10-17T12:00:00.000Z')
+    mocks.pgPoolQuery.mockResolvedValue({
+      rows: [
+        {
+          pair_key: `USDC:${USDC_ISSUER}/XLM`,
+          price: '0.25',
+          timestamp,
+        },
+      ],
+    })
+
+    const res = await app.inject({
+      method: 'POST',
+      url: '/graphql',
+      payload: { query: PAIRS_QUERY },
+    })
+
+    const json = res.json()
+    expect(json.errors).toBeUndefined()
+    const pairs = json.data.pairs
+    expect(pairs).toHaveLength(2)
+
+    // Check USDC/XLM pair
+    const usdcPair = pairs.find((p: any) => p.pairKey === `USDC:${USDC_ISSUER}/XLM`)
+    expect(usdcPair).toBeDefined()
+    expect(usdcPair.network).toBe('mainnet')
+    expect(usdcPair.assetA).toEqual({
+      code: 'USDC',
+      issuer: USDC_ISSUER,
+    })
+    expect(usdcPair.assetB).toEqual({
+      code: 'XLM',
+      issuer: null,
+    })
+    expect(usdcPair.latestPrice).toBe(0.25)
+    expect(usdcPair.lastUpdated).toBe(timestamp.toISOString())
+
+    // Check quiet AQUA/XLM pair (no rows returned from lateral join)
+    const aquaPair = pairs.find((p: any) => p.pairKey === `AQUA:${AQUA_ISSUER}/XLM`)
+    expect(aquaPair).toBeDefined()
+    expect(aquaPair.network).toBe('mainnet')
+    expect(aquaPair.assetA).toEqual({
+      code: 'AQUA',
+      issuer: AQUA_ISSUER,
+    })
+    expect(aquaPair.assetB).toEqual({
+      code: 'XLM',
+      issuer: null,
+    })
+    expect(aquaPair.latestPrice).toBeNull()
+    expect(aquaPair.lastUpdated).toBeNull()
+
+    // Verify lateral query parameters passed to pgPool.query
+    expect(mocks.pgPoolQuery).toHaveBeenCalledWith(
+      expect.stringContaining('CROSS JOIN LATERAL'),
+      ['mainnet', [`USDC:${USDC_ISSUER}/XLM`, `AQUA:${AQUA_ISSUER}/XLM`]]
+    )
+  })
+})
diff --git a/src/api/graphql.ts b/src/api/graphql.ts
index c8e24e29..5388385f 100644
--- a/src/api/graphql.ts
+++ b/src/api/graphql.ts
@@ -9,7 +9,7 @@ import { getAggregatedPrice } from '../aggregator/vwap'
 import { getBestRoute } from '../aggregator/bestRoute'
 import { pgPool } from '../db'
 import { config, activeNetwork } from '../config'
-import { parseAssetStr } from '../pairsRegistry'
+import { parseAssetStr, getActivePairs } from '../pairsRegistry'
 import { priceEmitter, PRICE_PUBLISHED, type PricePublishedEvent } from '../events'
 
 // Mercurius pubsub topic that carries every new price. A single app-level
@@ -55,6 +55,20 @@ export function formatGraphQLErrors(execution: ExecutionResult, ctx: MercuriusCo
 }
 
 const schema = `
+  type Asset {
+    code: String!
+    issuer: String
+  }
+
+  type Pair {
+    pairKey: String!
+    network: String!
+    assetA: Asset!
+    assetB: Asset!
+    latestPrice: Float
+    lastUpdated: String
+  }
+
   type AggregatedPrice {
     assetA: String!
     assetB: String!
@@ -125,7 +139,8 @@ const schema = `
     getPrice(assetA: String!, assetB: String!): AggregatedPrice
     getBestRoute(assetA: String!, assetB: String!, amount: Float!): RouteInfo
     getPriceHistory(assetA: String!, assetB: String!, window: String!, limit: Int): [PriceBucket]
-    listPairs: [String]!
+    listPairs: [String]! @deprecated(reason: "Use 'pairs' instead")
+    pairs: [Pair!]!
   }
 
   type Subscription {
@@ -240,7 +255,48 @@ const resolvers = {
     },
 
     listPairs() {
-      return config.pairs.map(p => p.pairKey)
+      return getActivePairs().map(p => p.pairKey)
+    },
+
+    async pairs() {
+      const activePairs = getActivePairs()
+      if (activePairs.length === 0) {
+        return []
+      }
+
+      const result = await pgPool.query(
+        `SELECT p.pair_key, l.price, l.timestamp
+           FROM unnest($2::text[]) AS p(pair_key)
+          CROSS JOIN LATERAL (
+                SELECT price, timestamp
+                  FROM price_points
+                 WHERE network = $1
+                   AND pair_key = p.pair_key
+                 ORDER BY timestamp DESC
+                 LIMIT 1
+               ) l`,
+        [activeNetwork, activePairs.map(p => p.pairKey)]
+      )
+
+      const latestPrices = new Map<string, { price: number; timestamp: Date }>()
+      result.rows.forEach(row => {
+        latestPrices.set(row.pair_key, {
+          price: parseFloat(row.price),
+          timestamp: row.timestamp,
+        })
+      })
+
+      return activePairs.map(p => {
+        const latest = latestPrices.get(p.pairKey)
+        return {
+          pairKey: p.pairKey,
+          network: activeNetwork,
+          assetA: p.assetA,
+          assetB: p.assetB,
+          latestPrice: latest?.price ?? null,
+          lastUpdated: latest?.timestamp ? (latest.timestamp instanceof Date ? latest.timestamp.toISOString() : new Date(latest.timestamp).toISOString()) : null,
+        }
+      })
     },
   },