Bermuda taps Circle and Coinbase to build fully onchain national economy.

Circle and Coinbase are partnering with the Government of Bermuda to help the island transition to blockchain-based finance. The initiative aims to equip government agencies, banks, and businesses with the necessary tools for on-chain financial infrastructure. The move is expected to benefit the local economy by reducing costs and increasing access to global capital. Bermuda’s pro-crypto approach has attracted over 40 licensed virtual asset service providers, with Circle and Coinbase being among the first to receive licenses.