U.S. Government Brings Macroeconomic Data to Blockchain, Accelerating DeFi Innovation

The U.S. government is taking a major step towards mainstream blockchain adoption by making critical macroeconomic data, including GDP and PCE Price Index, available on multiple blockchains via Chainlink. This collaboration, announced today by the Department of Commerce (@CommerceGov) with Chainlink, opens doors for innovative DeFi applications like prediction markets and automated trading strategies. Real-time access to this information, previously exclusive to traditional financial systems, allows developers to create new decentralized finance products. The initiative has already seen a surge in the $LINK token price, demonstrating investor confidence in the partnership’s impact.