8. Enabling PYUSD to be adopted across DeFi through tamper-proof market data:
9. Helping to secure the minting function of @Poundtoken:
10. Helping to power staking rewards distribution for @PropyKeys:
11. Increasing reserves transparency for @StablREuro:
12. Helping to secure the minting of @tusdio:
In addition to the growing adoption of Chainlink’s essential infrastructure for tokenized assets, Chainlink has been highlighted as the most active RWA-related protocol based on the number of GitHub commits in the last 30 days:
JUST IN: The U.S. House has officially passed the GENIUS Act.
This is a historic moment for the crypto industry as GENIUS establishes the first clear regulatory framework for fiat-backed stablecoins in the world’s largest economy 🧵↓
Stablecoins are the most established onchain use case, with over $250 billion already onchain. They enable global access to the U.S. dollar with near-instant settlement, low fees, and 24/7/365 availability.
But regulation isn’t the only critical piece needed to enable stablecoins at scale. Stablecoins also need infrastructure that ensures transparency, interoperability, and regulatory compliance as they integrate into global finance.
Led by @SenatorHagerty, @RepFrenchHill, and @SenatorTimScott, the GENIUS Act takes an important step by requiring monthly public disclosures of stablecoin reserves, including asset types and custody details.
Stablecoin issuers can adopt real-time proof of reserves and proof of composition to build on this foundation and close audit gaps not addressed by periodic disclosures.
As the largest provider of in-production proof of reserve solutions, Chainlink is uniquely suited to meet this requirement.
Tamper-proof recordkeeping, real-time transparency, & secure automation can help modernize a wide range of government and public sector operations.
Here are 10+ ways that blockchain can strengthen U.S. federal agencies 🧵↓
1. Food & Drug Administration (FDA)
Secure Recordkeeping for Food Safety and Recalls
Food safety incidents can spread across a complex supply chain.
Blockchain can be used to log inspection dates, temperature records, & other key data at critical points in the food supply chain.
2. U.S. Patent and Trademark Office (USPTO)
Verifiable Record of IP Transfers and Licensing
Patent and trademark ownership transfers, along with licensing agreements, can be recorded onchain to create a time-stamped, verifiable history of changes in rights and control.
Payment Abstraction is a cross-chain-enabled payment system that reduces payment friction in the Chainlink Network.
It allows users to pay for Chainlink services with the assets they already have (e.g., gas tokens), which are automatically converted to LINK via @Uniswap.
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.
Chainlink Smart Value Recapture (SVR) is a novel oracle solution that enables DeFi apps to recapture the non-toxic MEV derived from their use of Chainlink Price Feeds.
SVR was built in collaboration with @bgdlabs, Flashbots, & @aave DAO contributors.
Introducing the Multistream upgrade for Chainlink Data Streams.
One decentralized oracle network (DON) can now support 1000s of unique data points per second—a 1000x throughput increase.
We've also improved operations to allow Streams to be launched faster than ever before 🧵
Chainlink Data Streams is a pull-based oracle solution, where data's aggregated offchain at sub-second intervals & users can pull data onchain at any time.
This enables the creation of high-frequency DeFi apps secured by Chainlink’s decentralized low-latency data infrastructure.
Multistream is a new parallelized architecture for Data Streams.
A single Multistream DON can now serve 1000s of data points in parallel across chains and any range of asset classes.