Coinbase, Circle Team Up To Build World’s First On-Chain National Economy In Bermuda
Coinbase and Circle have partnered to establish the world's first fully on-chain national economy in Bermuda. The initiative aims to provide digital asset infrastructure and enterprise tools to the government, local banks, insurers, and SMEs. Bermuda's Premier highlighted the project's focus on creating opportunities, lowering costs, and integrating residents into the future of finance through digital literacy programs. Government agencies will pilot stablecoin payments like USDC, while financial institutions adopt tokenization tools. Bermuda, known for its clear digital asset regulatory framework since 2018, has attracted various crypto businesses, including decentralized exchanges and tokenized funds, by balancing innovation with robust oversight.
bitcoinist01/20 14:32