Key Takeaways:
- The US government is working with Chainlink and Pyth to publish key economic indicators like GDP and PCE onchain.
- This initiative aims to enhance transparency and accountability using blockchain technology.
- Onchain data could power new use cases in crypto, including algorithmic trading, DeFi risk management, and tokenized asset valuation.
The US government has partnered with blockchain oracle providers Chainlink and Pyth to bring official economic data onchain, aiming to enhance transparency in public spending and government accountability.
Chainlink will provide data feeds from the Bureau of Economic Analysis (BEA), including real gross domestic product (GDP), the personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers.
We're excited to announce that Chainlink and the United States Department of Commerce (@CommerceGov) have worked together to bring U.S. government macroeconomic data onchain.https://t.co/qHIw8DyEgX
— Chainlink (@chainlink) August 28, 2025
These new Chainlink Data Feeds securely deliver critical information around key…
The feeds may expand over time depending on public interest or government requests.
Meanwhile, the Department of Commerce has tapped Pyth to publish GDP figures, reflecting the country’s annual economic output.
This initiative aligns with President Trump’s broader push to use blockchain technology to position the United States as a leader in the global crypto space.
The U.S. Department of Commerce has selected Pyth Network to verify & distribute economic data onchain 🏛️
— Pyth Network 🔮 (@PythNetwork) August 28, 2025
Today’s announcement by @howardlutnick & @realDonaldTrump marks a landmark step for the adoption of decentralization & validates Pyth’s role as a trusted data source 🧵 ⬇️ pic.twitter.com/cOvw8lDNhP
According to Chainlink, the availability of real-time government economic data onchain could benefit crypto markets through algorithmic trading strategies, prediction markets focused on macroeconomic trends, and better risk management for decentralized finance (DeFi).
It may also strengthen digital financial products such as stablecoins, tokenized bonds, perpetual futures, and other real-world tokenized assets (RWAs).
Similar efforts to move public data onchain are emerging in countries like the Philippines, the UK, and El Salvador.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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