Bermuda, the small island nation with huge crypto ambitions

Bermuda announced plans to become the world’s first fully onchain economy, partnering with Circle, Coinbase and Stellar to pilot a sovereign digital dollar, government payments and smart‑contract compliance. The Bermuda Monetary Authority airdropped $100 in USDC to residents, ran a pop‑up marketplace for payments and will begin accepting digital assets for government fees starting with the Department of Motor Vehicles. Regulatory updates to property, contract and securities law plus trials of onchain AML and an AI payments hub aim to boost tokenized real‑world assets and DeFi activity. Market impact: clearer legal rails and high‑profile partners could raise stablecoin and tokenization demand and attract institutional flows, benefiting crypto infrastructure and custody providers.