Bermuda bets big: world's first fully onchain national…

Bermuda is making a historic wager on blockchain infrastructure, partnering with Circle, Coinbase, and Stellar to build what officials are calling the world's first fully onchain national economy — including a sovereign Bermuda digital dollar. Craig Swan, CEO of the Bermuda Monetary Authority, told CoinDesk the ambition is not theoretical: the BMA has already airdropped $100 in USDC to residents, run a live pop-up marketplace where locals spent stablecoins on real goods, and is preparing to accept digital assets for government fees starting at the Department of Motor Vehicles.

Circle's Mint infrastructure now powers the government's digital treasury accounts, while Coinbase is providing engineering rails for institutional and consumer onboarding.