🏝️ Bermuda partners with Circle and Coinbase to create the world's first "fully on-chain economy"!
While many countries are still debating regulations, the Bermuda government officially announced at the World Economic Forum: plans to move the entire country's economic system onto the blockchain. The key technology partners for this significant collaboration are industry giants Circle and Coinbase.
What does this specifically mean?
The Bermuda government, banks, insurance companies, and private enterprises will fully transition to the "on-chain track." The core payment tool will use the stablecoin USDC.
Why is this a milestone?
Goodbye to high bank fees: For island nations, traditional interbank transfers are both slow and expensive. USDC will completely resolve the efficiency and cost pain points of cross-border payments. Practical exercise: By 2025, preliminary testing will be completed — forum participants will be gifted 100 USDC for real-world consumption at local merchants. National-level tokenization: This is not just about "accepting cryptocurrency," but deeply integrating tokenized tools into the national financial infrastructure.
Key timeline:
The project is planned for large-scale rollout in May 2026. At that time, digital wallets will become as widespread a payment method for Bermuda residents as bank cards.
Perspective:
Bermuda has been improving cryptocurrency regulation since 2018. The results are now evident: industry leaders like Coinbase are choosing to establish ambitious national projects here. This sends a strong signal to the market — a country with clear rules #Bermuda #Circle #Coinbase #链上经济 #加密采用 #稳定币
