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Bermuda aims to create a fully onchain economy by partnering with Coinbase and Circle. The initiative will enhance digital asset infrastructure for government, businesses, and consumers, focusing on blockchain-based payments and financial tools. This plan was announced at the World Economic Forum in Davos.
Bermuda plans to transition its entire economy on-chain with the help of Coinbase and Circle. The initiative includes government stablecoin pilots and aims to lower transaction costs and improve financial access for residents and businesses.