Overview
- Bermuda announced in Davos a public–private effort with Circle and Coinbase to pursue what it calls the world’s first fully onchain national economy.
- Circle and Coinbase will provide USDC payments, tokenization tools, and enterprise blockchain infrastructure for government, banks, merchants, and consumers.
- Government agencies will pilot USDC-based payments, and several local businesses already accept the stablecoin for everyday transactions to cut fees and speed settlement.
- A nationwide education and onboarding program is planned, with broader distribution and merchant expansion targeted at the Bermuda Digital Finance Forum on May 11–14, 2026.
- The initiative is non-exclusive and optional for participants, and a source close to the project described the effort as aspirational and phased rather than immediately nationwide.