3h ago
Bermuda taps Stellar network to support its on-chain finance push, XLM swings to $0.16
Bermuda is moving parts of its payments and financial services on-chain using the Stellar network, with a May 12, 2026 post from Stellar citing work with the government on a fully on-chain economy. The initiative targets high payment processing costs, as local merchants reportedly pay 3%–5% in card fees, rising to 10% in some jurisdictions. After the announcement, XLM jumped 7% before pulling back from $0.17 to $0.16 at press time, while CoinGlass data showed $348.35K in losses out of a $351.79K total.