The Bermuda government announces the creation of the world's first fully on-chain national economy system

MarsBitNews · 2026-01-20T01:34:00+00:00

The Bermuda government announced at the World Economic Forum in Davos that it will build the world's first fully on-chain national economy with the support of Circle and Coinbase, promoting digital payments and asset tokenization, aiming to reduce payment costs and improve infrastructure.

MarsBitNews

2026-01-20 01:34:00

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Mars Finance reports that, according to the Circle official website, the Bermuda government announced at the Davos World Economic Forum its plan to build the world’s first fully on-chain national economic system supported by Circle and Coinbase. The plan will promote digital payments, asset tokenization, and financial education through the stablecoin USDC, alleviating issues such as high local payment costs and limited infrastructure. Circle and Coinbase will provide blockchain infrastructure and tools for the government, banks, merchants, and others. This initiative is based on Bermuda’s digital asset regulatory framework introduced in 2018.

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