US Government Turns to Blockchain to Publish Economic Data with Chainlink and Pyth

Washington Pushes Transparency with Onchain Economic Data

The United States government has partnered with Chainlink and Pyth Network to bring official economic data onchain, a move aimed at strengthening transparency and accountability in government spending.

Chainlink was selected to publish data feeds from the Bureau of Economic Analysis (BEA). According to a spokesperson, the platform will provide key economic indicators such as real GDP, the personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers. Additional feeds may be introduced depending on public demand or government direction.

Meanwhile, the Department of Commerce tapped Pyth Network to deliver gross domestic product (GDP) data, a measure of the nation’s total economic output.

Part of a Wider Push for Blockchain in Governance

Publishing government data onchain is a core initiative of the Trump administration’s effort to boost transparency and position the US as a “world capital” of crypto.

The initiative could reshape how economic data is used across markets. Chainlink stated that onchain data will power automated trading strategies, prediction markets for macroeconomic events, and new risk-management tools for DeFi protocols.

This move also has significant implications for digital finance. Stablecoins, tokenized US government bonds, perpetual futures, and real-world assets (RWAs) could all benefit from trustworthy, real-time macroeconomic inputs being made available on blockchain networks.

Global Momentum: Other Countries Explore Onchain Data

The United States is not alone. Proposals to put public spending and macroeconomic data on blockchain are also gaining ground in the Philippines, the United Kingdom, and El Salvador.

Market Reaction: Pyth Soars, Chainlink Holds Gains

Markets reacted swiftly to the announcement. The price of Pyth (PYTH) surged nearly 70%, trading at $0.1755 following the news.

Chainlink’s token (LINK) posted a 3% gain, climbing to $24.46 before settling near $25. Despite the pullback, LINK has enjoyed a 61% rally since early August, jumping from $15.43 to current levels.

A Turning Point for Blockchain and Public Finance

The integration of blockchain oracles into official government processes signals a major milestone for crypto adoption. By embedding transparency directly into financial systems, Washington is setting the stage for deeper interaction between traditional governance and decentralized technologies.