Catenaa, Sunday, January 25, 2026- The Government of Bermuda announced plans to create a fully onchain national economy, partnering with Coinbase and Circle to deploy digital asset infrastructure for government, businesses, and consumers.

The initiative was unveiled Monday at the World Economic Forum in Davos, Switzerland.

Bermuda aims to integrate blockchain-based payments and financial tools nationwide, with Coinbase and Circle providing enterprise infrastructure, digital finance education, and technical onboarding.

Stablecoins such as Circle’s USDC will allow merchants to accept fast, low-cost, dollar-denominated payments, with several already operational locally.

Discussions began at the Bermuda Digital Finance Forum 2025, and previous pilot programs included an onchain USDC airdrop to attendees and the expansion of tokenized finance among local businesses and financial institutions.

The government said the initiative seeks to lower transaction costs, increase access to global finance, and circulate economic value locally.

As part of the plan, agencies are expected to pilot stablecoin payments, financial institutions will integrate tokenization tools, and residents will participate in nationwide digital literacy programs.

The partnership is non-exclusive, allowing Bermuda to work with other firms and technologies.

Coinbase also announced the launch of Coinbase Custom Stablecoins, a “stablecoin-as-a-service” product enabling businesses to create custom-branded stablecoins backed by USDC and other dollar stablecoins.

The company said stablecoins supported $9 trillion in adjusted annual transaction volume in 2025.

The government said the onchain economy will provide long-term benefits for residents and businesses, including lower costs and greater access to global finance while supporting a competitive and resilient national economy.

Bermuda teams with Coinbase and Circle to build a fully onchain economy, integrating stablecoins and blockchain infrastructure nationwide.