Bermuda Plots 'Fully On-Chain National Economy' With Help From Coinbase and Circle

The island nation of Bermuda is hoping to bring its entire economy on-chain with the support of American crypto exchange Coinbase and USDC stablecoin issuer Circle. Announced at the World Economic Forum Annual Meeting on Monday, Bermuda will lean on the crypto firms for digital asset infrastructure support for its government, local banks, insurers, and consumers. The goal, according to a press statement, is to create the “world’s first fully on-chain national economy.” “Bermuda has always believed that res ...