Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
U.S. GDP Now Immutable on Blockchain—Economic "Truth" Goes Tamper-Proof

U.S. GDP Now Immutable on Blockchain—Economic "Truth" Goes Tamper-Proof

ainvest2025/08/29 04:27
By:Coin World

- U.S. Department of Commerce posted 2025 Q2 GDP data on nine blockchains (Bitcoin, Ethereum, etc.) via cryptographic hashes and oracle services. - Initiative aims to create tamper-proof economic "truth" globally, enhancing transparency for financial markets and smart contracts. - Part of Trump administration's crypto policy prioritizing stablecoins over CBDCs, including the GENIUS Act's $3T stablecoin growth projection. - Blockchain integration may reshape Treasury markets through stablecoin adoption, req

The U.S. Department of Commerce has taken a groundbreaking step by publishing gross domestic product (GDP) data on public blockchains, marking a significant shift in how economic statistics are disseminated. On August 28, 2025, the department released cryptographic hashes of its second-quarter 2025 GDP figures to nine blockchain networks, including Bitcoin , Ethereum , Solana , TRON , Stellar, Avalanche , Arbitrum One, Polygon PoS, and Optimism . Additionally, data was relayed through oracle services Pyth and Chainlink , ensuring accessibility to blockchain-based applications and smart contracts.

Commerce Secretary Howard Lutnick, who has been a vocal advocate for blockchain technology in government operations, emphasized the initiative’s strategic importance. According to Lutnick, the initiative aims to “make America’s economic truth immutable and globally accessible like never before,” reinforcing the U.S. leadership in blockchain innovation. The data includes Real GDP and the PCE Price Index, two key indicators released on a monthly and quarterly basis. The move is expected to enhance transparency and efficiency in the financial markets by enabling on-chain prediction markets and smart contracts to leverage tamperproof data. The adoption of blockchain also aligns with broader efforts to digitize financial infrastructure, such as the Department of Homeland Security’s exploration of blockchain for airport passenger screening and California’s DMV using it for car title digitization.

The initiative builds on recent developments in U.S. crypto policy, including the Trump administration’s decision to prohibit federal agencies from developing a Central Bank Digital Currency (CBDC) and the addition of a CBDC ban to the 2025 National Defense Authorization Act. The House amendment to the defense budget bill effectively bars the Federal Reserve from issuing a CBDC without explicit congressional approval, highlighting growing concerns over financial privacy and surveillance. The administration has instead prioritized stablecoins and blockchain-based solutions, including the enactment of the GENIUS Act in July 2025, which provides a regulatory framework for payment stablecoins backed by U.S. dollar reserves. The Act is projected to catalyze stablecoin adoption and potentially drive market capitalization beyond $3 trillion by 2030.

From a financial market perspective, the integration of government data on blockchains could influence capital flows and monetary policy dynamics. The widespread use of USD-backed stablecoins may alter the demand for U.S. Treasury securities, particularly at the short end of the yield curve. While asset substitution effects—such as the displacement of bank deposits or money market fund holdings—may limit net new Treasury demand, the introduction of foreign investors rotating into USD stablecoins could create genuine liquidity pressures. As a result, Treasury markets may experience heightened volatility, especially during large inflows or outflows of stablecoin reserves. Policymakers and investors alike are now tasked with recalibrating traditional models to account for these shifts, as stablecoin adoption continues to reshape global capital flows.

Looking ahead, the administration has indicated plans to expand the scope of the blockchain initiative, potentially including additional economic data sets and broader participation from other government agencies. The move is also expected to strengthen the U.S. dollar’s role in the global financial system, as stablecoins and blockchain-based settlements gain traction. This aligns with the administration’s broader vision of positioning the U.S. as the “blockchain capital of the world,” leveraging technology to reinforce economic leadership and financial sovereignty.

Source:

U.S. GDP Now Immutable on Blockchain—Economic
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

PIXEL -856.56% in 24 Hours Amid Technical Deterioration

- PIXEL plummeted 578.56% in 24 hours to $0.0328, its steepest short-term drop on record. - Technical indicators show oversold RSI (18), negative MACD divergence, and price below key moving averages, signaling prolonged bearish momentum. - Analysts warn of continued decline without protocol upgrades or demand drivers, as weak fundamentals and absent market catalysts leave the token vulnerable to selling pressure.

ainvest2025/08/29 08:04
PIXEL -856.56% in 24 Hours Amid Technical Deterioration

Bitcoin News Today: A Web Company Bets Big on Bitcoin’s Future Value

- The Smarter Web Company, a UK-listed tech firm, acquired 45 BTC at £82,919 each, boosting holdings to 2,440 BTC (£201M). - The purchase aligns with its 10-year Bitcoin accumulation plan, yielding 56,105% YTD and 28% in 30 days. - The company integrates Bitcoin into its financial strategy, accepts BTC payments, and holds £600K in cash for future buys. - Despite FCA non-registration and volatility warnings, the board reaffirms Bitcoin’s role as a high-risk, high-reward value store.

ainvest2025/08/29 08:03
Bitcoin News Today: A Web Company Bets Big on Bitcoin’s Future Value

Solana News Today: Solana Validators Gamble on Speed vs. Stability in High-Stakes Alpenglow Vote

- Solana validators propose Alpenglow to replace PoH/TowerBFT with Votor and Rotor components. - Votor aims to reduce transaction finality to 150ms, while "20+20" model ensures 40% fault tolerance for DeFi/gaming. - Governance requires 2/3 supermajority; 11.3% of validators currently support the proposal with minimal opposition. - Critics warn 1.6 SOL flat fee may hinder small validators, though proponents call it cost-effective. - Upgrade activation depends on client readiness, balancing technical progres

ainvest2025/08/29 08:03
Solana News Today: Solana Validators Gamble on Speed vs. Stability in High-Stakes Alpenglow Vote

Ethereum News Today: Ethereum Validators Flee as Dollar-Backed Stablecoins Redefine Global Finance

- Ethereum’s validator exit queue hit 1 million ETH ($4.96B) in August 2025, with 18-day+ withdrawal delays, signaling potential sell pressure amid a 72% ETH price surge. - Experts downplay risks, citing strong institutional demand for Ethereum assets, while futures open interest nears $33B and ETF inflows favor Ethereum over Bitcoin. - Bitcoin’s market dominance fell to 57% as altcoins like Ethereum gain traction, with stablecoins (Tether/Circle) poised to reshape U.S. Treasury markets under new regulatio

ainvest2025/08/29 08:03
Ethereum News Today: Ethereum Validators Flee as Dollar-Backed Stablecoins Redefine Global Finance