Read the full article at coingape.com. Read the full article at coingape.com.

Breaking: U.S. Government to Begin Issuing GDP Data on Blockchain in Latest Crypto Push

2 min read

In a massive development, U.S. Commerce Secretary Howard Lutnick has announced that his department plans to start issuing GDP data on the blockchain. This comes as the Donald Trump administration continues to warm up to the crypto industry and push crypto adoption in the country.

Advertisement
Advertisement

Commerce Department To Issue GDP Data on The Blockchain

During a cabinet meeting, Lutnick stated that the Department of Commerce will begin issuing its statistics on the blockchain, as Trump is “the crypto president.” He added that they plan to release the GDP data on the blockchain, allowing people to start utilizing the blockchain for data distribution.

The Commerce Secretary further stated that they will make this data available to everyone in government so that they can also emulate this move. Lutnick noted that they are just ironing out the details, suggesting that this move could happen soon enough.

However, he didn’t provide details of the network on which they plan to issue this GDP data. Meanwhile, it is worth noting that this isn’t the first time that a U.S. government agency has considered the use of blockchain technology.

Earlier this year, the Department of Government Efficiency (D.O.G.E.), under Elon Musk’s leadership at the time, reportedly explored blockchain for government efficiency, focusing on cost-cutting, transparency, and data security. However, nothing concrete materialized from that.

Meanwhile, this move to publish GDP data on the blockchain represents the latest push from the Trump administration to make the U.S. the crypto capital of the world. As part of this goal, the administration is already working on establishing laws that provide regulatory clarity for the industry.

Lutnick is notably part of the president’s Digital Asset Working Group, which worked on the White House crypto policy report. The report made recommendations on how the U.S. regulators can provide regulatory clarity for the crypto industry through novel rules that accommodate the uniqueness of blockchain technology.

Market Opportunity
EPNS Logo
EPNS Price(PUSH)
$0.013772
$0.013772$0.013772
-0.37%
USD
EPNS (PUSH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Three dormant wallets, suspected to belong to the same entity, purchased 5,970 ETH eight hours ago.

Three dormant wallets, suspected to belong to the same entity, purchased 5,970 ETH eight hours ago.

PANews reported on February 4 that, according to Lookonchain monitoring, three wallets that had been dormant for four years (likely controlled by the same entity
Share
PANews2026/02/04 11:36
NVIDIA Stock Price Analysis as OpenAI Issues Concerns About its Chips

NVIDIA Stock Price Analysis as OpenAI Issues Concerns About its Chips

Key Insights NVIDIA stock started the week in the red. It crashed by over 2%. Meanwhile, the S&P 500, Dow Jones, and Nasdaq 100 moved close to their all-time highs
Share
Themarketperiodical2026/02/04 11:27
Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network. This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17. USDY Joins the Stellar Ecosystem Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries. This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments. Combining Yield with Payments Infrastructure “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation. Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications. Unlocking Institutional and Retail Use Cases USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users. The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static. A Milestone for Tokenized Treasuries With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology. As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
Share
CryptoNews2025/09/18 00:46