Philippine Senator Bam Aquino revealed plans to introduce a bill to establish a national budget for blockchain in the Philippines.
Tether to expand its USD₮ stablecoin on the RGB protocol for private issuance of digital assets like Bitcoin.
The US government announced that it would publish economic data on-chain through Chainlink and Pyth.
International cryptocurrency markets responded to a cascade of government and corporate blockchain announcements this week. The trends continued in Asia and the United States, highlighting the increasing progress of blockchain in finance and governance. Blockchain adoption has gained momentum through transparency, the rise of stablecoins, and economic data feeds.
Philippine Senator Bam Aquino said he planned to introduce a bill that would put the country's national budget on blockchain. The project aims to enhance transparency and accountability in public funds usage.
Aquino revealed the plan during the Manila Tech Summit 2025, where he highlighted the role of blockchain in governance. In a Facebook post, he stated that integrating the national budget into a blockchain system would make every peso traceable. He added that blockchain-based budgeting could strengthen public confidence by ensuring funds are used as intended.
According to local media, Aquino plans to submit the measure in weeks. This proposal is based on the larger blockchain efforts of the Philippines. In July, the government released a document validation system based on blockchain using Polygon, although it faced network issues later that day.
The Department of Information and Communications Technology previously partnered with the Blockchain Council of the Philippines to expand adoption. The council trusts that the country has the potential to become a blockchain hub in Asia, positioning the Philippines as a leader in public sector blockchain adoption.
Tether shared that it is going to introduce its USD₮ stablecoin on RGB, an open-source protocol that allows the issuance of digital assets privately and at scale on Bitcoin. The growth is a major move toward placing stablecoins on the Bitcoin blockchain.
The RGB mainnet’s release of version 0.11.1 allows Tether to support private, lightweight, and secure transactions. This launch will allow users to store USD and transfer USD with Bitcoin in the same wallet. The integration also supports offline transfer, which expands the application to low-connectivity environments.
Tether CEO Paolo Ardoino said the move underscores the company’s commitment to making Bitcoin the foundation of a global financial system. He emphasized that Bitcoin deserves a stablecoin that is native, scalable, and private.
The innovation makes Bitcoin valuable beyond being a store of value. By facilitating direct stablecoin transactions, Tether will give more people worldwide access to money and strengthen the network as a tool in daily transactions.
The US government announced that it would publish economic data on-chain through Chainlink and Pyth. The Department of Commerce selected the two Oracle providers to supply reliable data feeds to blockchain networks.
Chainlink will provide data feeds from the Bureau of Economic Analysis, including gross domestic product and personal consumption expenditures. Pyth will also publish GDP data, adding further redundancy and reliability.
Officials said the initiative forms part of the administration’s broader plan to increase transparency in government spending and improve accountability. On-chain data publishing will also create opportunities for new financial instruments and decentralized applications.
Market response was fast. The Pyth token increased almost 70% following the announcement, and the LINK token of Chainlink recorded gains of over 3% before reversing. Analysts observe that government data on-chain may facilitate prediction markets, automated trading, or risk management mechanisms in decentralized finance.
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