The U.S. Department of Commerce has partnered with Pyth Network to bring economic data onto the blockchain, ensuring that the information is both verified and securely distributed.
$PYTH {spot}(PYTHUSDT)
👉 In simpler terms, this means that important economic reports and figures released by the U.S. government will be cross-checked and then published directly on the blockchain through Pyth Network. By doing so, the data becomes transparent, tamper-proof, and easily accessible to anyone in the world without relying on traditional intermediaries.
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I’m excited to see how Bitlayer will shape the future of decentralized finance and real-world blockchain applications.
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