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🚨 US Govt goes onchain with Chainlink & Pyth
The US government has officially tapped Chainlink ($LINK) and Pyth ($PYTH) to publish macroeconomic data onchain, aiming to boost transparency in government spending & position the US as a global crypto hub. 🇺🇸✨
🔹 Chainlink will provide data feeds from the Bureau of Economic Analysis (BEA), including:
Real GDP
- Personal Consumption Expenditures (PCE) price index
Real final sales to private domestic purchasers
🔹 Pyth Network was chosen by the Department of Commerce to deliver GDP data directly onchain.
📈 Why this matters:
- Enables automated trading strategies based on real-time gov data
- Unlocks prediction markets for macro events
- Strengthens DeFi risk management
- Benefits stablecoins, tokenized bonds, RWAs & perpetuals
💹 Market response:
$PYTH surged +70%
$LINK jumped +61% in August
👉 This move could set a precedent for other nations (UK, PH, El Salvador) exploring blockchain-based public spending transparency.
#Chainlink Pyth #DeFi RWA #Crypto