U.S. Government Partners With Chainlink and Pyth to Bring Economic Data On-Chain

• U.S. government teams with Chainlink, Pyth to decentralize GDP reporting.
• Initiative aims to increase transparency by integrating economic data on blockchain technology.

On August 28, 2025 (UTC), the U.S. government partnered with blockchain oracle providers Chainlink and Pyth to bring economic data such as GDP and PCE price index on-chain, CoinDesk reported. The move seeks to bolster transparency in government spending and public data distribution.

The U.S. Department of Commerce has selected Pyth to integrate Gross Domestic Product (GDP) statistics within blockchain networks. Additionally, the Bureau of Economic Analysis (BEA) is working with Chainlink to transmit multiple economic indicators, including Real Gross Domestic Product, Personal Consumption Expenditures (PCE) price index, and Real Final Sales to Private Domestic Purchasers. This collaboration underscores an effort to adopt decentralized technology for public datasets.

On-chain data transmission will adhere to existing government release schedules, including monthly and quarterly updates. A total of ten blockchain networks—including Ethereum, Avalanche, and Base—will host these feeds, ensuring decentralized accessibility to official government statistics.

Officials from the Department of Commerce and BEA emphasized that the initiative will improve accountability and transparency by leveraging blockchain-based distribution. This, in turn, may foster innovation in areas such as automated financial products and applications within decentralized finance (DeFi), aligning with broader government goals.

As of August 28, 2025, at 15:09 UTC, Chainlink (LINK) is trading at $25.359, reflecting a 4.628% increase in 24-hour trading volume, while Pyth Network (PYTH) is priced at $0.189, with a significant 62.696% gain in 24-hour trading volume. Market analysts speculate these changes may be tied to enthusiasm surrounding blockchain adoption for economic reporting.