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 payments, merchant settlements, and government disbursements, designed to reduce transaction costs and improve efficiency. The project builds on Bermuda's existing digital asset regulations and plans to integrate blockchain technology into public sector payments and social services. Stellar's network, known for low fees and fast settlements, supports this national rollout and has been used in other sovereign blockchain projects, signaling a significant step toward mainstream blockchain adoption in national economies.
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 ca...
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...
