Bermuda partners with Coinbase and Circle to pursue a fully onchain national economy in 2026

The Government of Bermuda announced at the World Economic Forum in Davos that it is collaborating with Coinbase and Circle to develop what it calls a fully onchain national economy. The plan includes piloting stablecoin payments across government agencies, expanding USDC use among local merchants, and supporting financial institutions in adopting tokenization and other digital finance tools. Building on its 2018 Digital Asset Business Act and prior USDC airdrop initiatives, Bermuda aims to lower payment costs and broaden access to global finance for residents and businesses.