Bermuda, the small island nation with huge crypto ambitions
Bermuda is positioning itself to become the world's first fully onchain economy, collaborating with major crypto firms like Circle and Coinbase. The government has begun real-world testing by airdropping stablecoins to residents and is preparing to accept digital assets for government fees. This initiative aims to create new economic opportunities while updating laws to accommodate blockchain technology.
- ▪Bermuda is working with Circle, Coinbase, and Stellar to establish a fully onchain economy.
- ▪The Bermuda Monetary Authority has started testing by airdropping USDC to residents for use in a pop-up marketplace.
- ▪The government plans to accept digital assets for public taxes, beginning with the Department of Motor Vehicles.
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| Canonical URL | https://www.coindesk.com/business/2026/05/26/bermuda-the-small-island-nation-with-huge-crypto-ambitions |
| Publication time | Tue, 26 May 2026 16:23:05 +0000 |
| Retrieval time | 2026-05-26T16:37:49.953Z |
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Opening excerpt (first ~120 words) tap to expand
FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBermuda, the small island nation with huge crypto ambitionsThe government recently announced it would become the world’s first economy to go fully onchain, a move officials believe will bring its people new opportunities.By Olivier Acuna|Edited by Stephen Alpher May 26, 2026, 4:23 p.m. 4 min readMake preferred on Bermuda is on path to become the world's first economy to go fully onchain. (Kino/Unsplash)What to know: Bermuda is working with Circle, Coinbase and Stellar to build what it hopes will be the world’s first fully onchain economy, including a sovereign Bermuda digital dollar.The Bermuda Monetary Authority has begun real-world testing by airdropping USDC to residents, enabling payments at a pop-up…
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