Bermuda will become the world's first fully onchain national economy by moving key payments and financial services onto the Stellar blockchain network. This shift aims to reduce high card transaction fees that local merchants currently face, which can reach up to 10%. Residents will use Stellar digital wallets for wages, merchant payments, and government fees, while government agencies will pilot stablecoin payments. The initiative builds on Bermuda's early digital asset regulations and Stellar's proven track record, including a similar program in the Marshall Islands, aiming to create a more inclusive and efficient national economy.
Bermuda has partnered with the Stellar Development Foundation to move key payment and financial services onto the Stellar blockchain, aiming to become the world's first fully on-chain economy. This initiative includes digital wallets, stablecoin paym...
Stellar's blockchain now holds over $2 billion in tokenized assets from major financial institutions like Franklin Templeton and Circle, signaling growing institutional adoption beyond its traditional cross-border payment use. This substantial capita...
