Bermuda Partners with Circle and Coinbase for World’s First On-Chain National Economy

TheNewsCrypto2026-01-20 tarihinde yayınlandı2026-01-20 tarihinde güncellendi

Özet

Bermuda is partnering with Circle and Coinbase to create the world's first entirely on-chain national economy. Announced at the World Economic Forum in Davos, the initiative aims to modernize Bermuda's financial systems, attract global digital asset investment, and establish the island as a hub for digital finance innovation. This move addresses challenges faced by local businesses, such as high costs and limited access to offshore financial services, by implementing an on-chain payment system using stablecoins like USDC for faster settlements and lower fees. Plans include pilot programs for stablecoin payments, tokenization services, and nationwide digital literacy programs. This builds on Bermuda's early crypto regulatory efforts, including the 2018 Digital Asset Business Act, which licensed firms like Circle and Coinbase.

In a move that could redefine national finance, Circle and Coinbase are collaborating with the Bermuda government to create the world’s first entirely on-chain national economy. Both companies operate as a support to integrate blockchain technology and give Bermuda the tools to process digital payments, like issuing stablecoins, and help every type of business get on-chain.

As per the press release from Circle, this collaboration was announced at the World Economic Forum annual meeting in Davos, Switzerland. Which aims not only to modernize financial systems but also to attract global digital assets investment, to support digital finance education, and establish Bermuda as a hub for digital finance innovation.

Bermuda Sees Digital Finance as a Solution

Bermuda’s idea of transition to digital financial infrastructure coincides with ongoing problems from traditional payment systems in its highly entrepreneurial economy. Mainly, the island’s jurisdictions, alongside other small and island countries, local firms frequently face high costs and restricted access to effective offshore financial services, which can put pressure on merchants.

An alternative is provided by the implementation of on-chain payment infrastructure. With that, merchants can accept dollar-denominated payments, which would allow faster settlement times and lower transaction fees by utilizing stablecoins like USDC, noted in the announcement.

Also, it states the plan for pilot programs incorporating stablecoin-based payments, as well as financial institutions’ efforts to incorporate tokenization technologies into their services. Residents will be encouraged to take part in nationwide digital financial and literacy programs. So far, no particular financial information or timetables have been released.

Bermuda’s early approach to crypto regulation

The latest initiative builds on Bermuda’s early role in digital asset regulation. In 2018, the island passed the Digital Asset Business Act, making it one of the first governments to implement a comprehensive framework, with Circle and Coinbase among the first global licensed firms.
With that, it continued at the Bermuda Digital Finance meeting 2025, with participants receiving a 100 USDC airdrop. Since then, local financial institutions started to use stablecoins. The 2026 meeting in May is expected to lead to deeper engagement across the financial services sector.

Highlighted Crypto News:

‌Revolut Seeks Full Banking Licence in Peru to Expand Latin America Push

Trend Kriptolar

CitreaCTR

wrapped stUSDTWSTUSDT

İlgili Sorular

QWhat is the main goal of the collaboration between Bermuda, Circle, and Coinbase?

AThe main goal is to create the world's first entirely on-chain national economy, modernize financial systems, attract global digital assets investment, support digital finance education, and establish Bermuda as a hub for digital finance innovation.

QWhere was this collaboration announced?

AThis collaboration was announced at the World Economic Forum annual meeting in Davos, Switzerland.

QWhy does Bermuda see digital finance as a solution for its economy?

ABermuda sees digital finance as a solution because local firms frequently face high costs and restricted access to effective offshore financial services due to problems with traditional payment systems in its highly entrepreneurial economy.

QWhat specific technology will be used to facilitate faster settlement times and lower transaction fees?

AStablecoins like USDC will be used to facilitate faster settlement times and lower transaction fees for dollar-denominated payments.

QWhat prior regulatory framework did Bermuda establish that relates to this new initiative?

AIn 2018, Bermuda passed the Digital Asset Business Act, which was one of the first comprehensive regulatory frameworks for digital assets, and Circle and Coinbase were among the first global firms to be licensed under it.

İlgili Okumalar

Has Bitcoin Bottomed, or Is a 'Shakeout' Approaching? What's the Situation with XRP?

Cryptocurrency analytics platform Santiment shared key insights on Bitcoin and altcoin markets, highlighting significant signals from on-chain data. Analysis shows Bitcoin's 365-day MVRV ratio has fallen to -26%, indicating substantial losses for long-term holders, a level historically associated with market bottom formations and long-term buying opportunities. While short-term MVRV is near breakeven, suggesting no clear directional signal, the annual perspective points to a bottom before bullish cycles. On-chain data reveals divergent behavior: large wallets (10-10,000 BTC) have been accumulating, adding ~18,500 BTC in 10 days, while smaller retail investors continue buying dips. Analysts caution that high retail demand can sometimes create a risk of a final market shakeout or correction. The altcoin market shows a mixed picture. Ethereum's 365-day MVRV is around -33%, but recent monthly gains combined with overly optimistic social sentiment pose a short-term correction risk. XRP is in oversold territory with 30-day and 365-day MVRVs at -57.5% and -45.5% respectively, signaling potential for a strong mid-to-long term rebound. Social activity and optimism are rising for Solana, while investor sentiment remains calmer towards Cardano. Future direction for Bitcoin and altcoins depends not only on on-chain metrics but also on macroeconomic and regulatory developments. The Federal Reserve's interest rate decision and upcoming policy rulings are increasing market volatility expectations, while uncertainty around the U.S. Congressional clarity process continues to pressure pricing. *This is not investment advice.

cryptonews.ru27 dk önce

Has Bitcoin Bottomed, or Is a 'Shakeout' Approaching? What's the Situation with XRP?

cryptonews.ru27 dk önce

Rumors Spread About Altcoin: Former Employees Speak Out

Rumors are circulating about the Solana-based meme launchpad Pump.fun allegedly conducting employee layoffs just before significant token unlocks. According to reports, the company began terminating employees around two months before their $PUMP tokens were scheduled to vest. At least one former employee reportedly lost tokens now valued at over $1 million. Internal documents suggest Pump.fun cited overly rapid growth as a reason for layoffs starting in early April. Terminated employees were offered severance, but the major loss stemmed from forfeiting their allocated $PUMP tokens per their agreements, which stipulated a four-year vesting schedule. A second wave of layoffs reportedly occurred in mid-July, with claims that some employees were dismissed just one day before their tokens unlocked. The total number of employees let go over two months is said to exceed 40. Pump.fun co-founders have not commented. Despite an approximate 79% drop from its 2025 peak, $PUMP retains substantial value. The platform itself has been highly profitable since late 2024, generating around $1.3 billion in total revenue and facilitating the creation of over 20.8 million tokens, with daily revenue reportedly still near $1 million.

cryptonews.ru1 saat önce

Rumors Spread About Altcoin: Former Employees Speak Out

cryptonews.ru1 saat önce

Ethereum Experiences a 43-Day Queue for Staking: But According to One Expert, This Is Not a True Bull Signal

A 43-day queue has formed for staking on Ethereum, with about 2.5 million ETH awaiting activation due to a surge in new validators. However, Thomas Brunner of Sygnum Bank cautions that this backlog should not be seen as a direct bullish signal. He explains it reflects institutional demand but is heavily influenced by Ethereum's protocol mechanics, like the post-Dencun daily validator activation limit of ~57,600 ETH, unchanged with the Pectra upgrade. Pectra allows topping up existing validators, but even small additions join the same activation queue as new stakers. Therefore, the queue comprises not just new investor demand but also restaking and reward compounding from existing participants. Brunner suggests a stronger positive signal is the nearly empty withdrawal queue, indicating current stakers are holding. He notes institutional interest persists despite ETH price weakness, viewing staking yield as a core feature, though privacy concerns over on-chain traceability remain a key barrier to faster institutional adoption.

cryptonews.ru2 saat önce

Ethereum Experiences a 43-Day Queue for Staking: But According to One Expert, This Is Not a True Bull Signal

cryptonews.ru2 saat önce

Bank of Korea Reveals Results of Tokenized Deposit Testing

The Bank of Korea has announced the results of its pilot test for tokenized deposits. Involving 28 central banks and international financial organizations, the project saw participation from major South Korean banks including KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. Transactions, from payment orders to final settlement, were completed in real time, averaging just 80 seconds. The test involved 30 transactions across 17 different scenarios—such as corporate and interbank transfers—and was conducted in six currencies, including the Korean won, US dollar, and euro, with a total transaction value reaching approximately $995,000. The central bank reported that the platform operated stably throughout, despite being only partially connected to the existing banking infrastructure. Settlements using tokenized deposits were executed seamlessly, quickly, and transparently. An internal transfer of 20 million won (about $13,890) between NH NongHyup Bank and Shinhan Bank was also successfully processed via the Project Agora platform, which involved connecting to the Bank of Korea's CBDC test platform, Project Hangang. Additionally, KB Kookmin Bank and Japan's MUFG Bank tested cross-border payments using these deposit tokens—digital certificates issued by commercial banks within the pilot, not directly by the central bank. The Bank of Korea plans to continue testing payments with tokenized deposits. This follows last year's pledge by South Korean authorities to tighten regulations for won-based stablecoins, which will require approval from both the central bank and the Financial Services Commission.

cryptonews.ru2 saat önce

Bank of Korea Reveals Results of Tokenized Deposit Testing

cryptonews.ru2 saat önce

Head of Major Miner Estimates AI Profitability Ten Times Higher Than Mining

The CEO of Canadian mining company HIVE Digital Technologies, Frank Holmes, stated that the company is accelerating its development in artificial intelligence (AI) computing. HIVE, one of the world's largest public bitcoin miners controlling about 2% of the global hashrate, expects its revenue share from AI to grow from approximately 10% to over 50% this year. Holmes highlighted the significant difference in profitability, noting that ASIC miners generate around $0.12–0.14 per hour, while a single Nvidia H100 GPU can earn nearly $2 per hour. Even older GPUs yield about $1.4 per hour, roughly ten times the revenue from mining hardware. Major miners like Riot Platforms, Cipher Digital, MARA, and TeraWulf are mitigating losses by shifting from cryptocurrency mining to supporting AI computations in their data centers or combining both activities. For instance, MARA Holdings recently purchased a $600 million site for AI and mining data centers. The company's CEO had previously warned that without at least a 50% annual increase in Bitcoin's price, the current mining model would become unprofitable. With the estimated cost to mine one Bitcoin around $78,000 for summer 2026 and Bitcoin's price remaining below that level for months, some miners have begun shutting down equipment as rising costs and network difficulty squeeze margins.

cryptonews.ru2 saat önce

Head of Major Miner Estimates AI Profitability Ten Times Higher Than Mining

cryptonews.ru2 saat önce

İşlemler

Spot

Popüler Makaleler

MOVE Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Movement (MOVE) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Movement (MOVE) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Movement (MOVE) Varlıklarınızı SaklayınMovement (MOVE) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Movement (MOVE) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Movement (MOVE) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

348 Toplam GörüntülenmeYayınlanma 2024.12.13Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların MOVE (MOVE) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.