365Crypto
Bermuda wants its economy to live on the blockchain.
The government announced a plan to move payments and services onchain using crypto tools.
This effort is backed by partnerships with Coinbase and stablecoin issuer Circle.
A Digital Economy Built on USDC
The plan centers on using the USDC stablecoin for public payments.
Government agencies will test stablecoin payments before wider adoption.
Coinbase’s Base blockchain will provide the technical backbone for these services.
Pilot Programs Come First
The rollout starts with small pilot programs across the island.
Financial institutions will test tokenization tools¹ in real operations.
Residents will also join nationwide digital literacy programs to learn the basics.
Years in the Making
Bermuda began preparing for this shift back in 2018.
The Digital Asset Business Act gave crypto firms legal clarity early on.
Many local businesses already accept digital payments after a USDC distribution in 2025.
The goal is simple.
Lower costs, faster payments, and more access to modern financial tools.
Bermuda wants innovation without chaos, and this roadmap shows careful planning.
¹Tokenization tools: systems that turn real-world assets into digital tokens on a blockchain.
