Bermuda is making waves in crypto adoption with an ambitious move: partnering with major platforms to create what they're calling the world's first fully onchain national economy. The collaboration zeroes in on stablecoin payments and broader USDC integration as the backbone.
The vision? Taking a entire nation's economy directly onto the blockchain. Instead of traditional payment rails, residents and businesses could conduct transactions using stablecoins natively. This isn't just theoretical—they're actively piloting these payment systems now.
It's a bold experiment in how governments and Web3 can collaborate. Whether it clicks or faces friction remains to be seen, but the message is clear: some jurisdictions aren't waiting around to explore onchain finance at scale. Bermuda's betting that stablecoin infrastructure could reshape how money actually moves.
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WhaleWatcher
· 4h ago
Bermuda's latest move is going to be a hit, directly bringing the entire country's economy onto the chain... It sounds crazy, but honestly, this is the future path.
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Another government betting on stablecoins, betting on the nation's future, brother.
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The pace of USDC spreading worldwide really can't be stopped anymore. Now even countries have to obediently use it.
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But how many of these can actually be implemented? I bet fifty cents that the last ones are just half-dead pilot projects.
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Alright, Bermuda is doing what others dare not do. Just for this courage, it's worth paying attention to.
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It's 2024, and we're still discussing a full-chain economy. Isn't this how it should be now?
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Money flowing onto the chain is unstoppable now. Traditional finance really doesn't have many days left.
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SeasonedInvestor
· 4h ago
Bermuda's recent move is really impressive, directly bringing the entire country's economy onto the blockchain. If this really succeeds, who would still play traditional finance?
Wait, USDC stablecoin as the main backbone... Could it be that Circle and that group are behind the scenes manipulating?
This is a real test with real guns and bullets, unlike those projects that only boast. This is what practicality looks like.
Speaking of which, a small island nation dares to play like this. When can we catch up with the rhythm...
Damn, if this takes off, the potential of stablecoins will break through the ceiling.
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DegenDreamer
· 4h ago
Bermuda's move is truly brilliant, directly bringing the entire country's economy onto the chain. Is this a dream?
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Stablecoin payments as the backbone... sounds good, but what will reality look like? Question mark.
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Wow, if this really happens, other small countries will be panicking. But I still doubt how far it can actually go.
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Is the era of USDC dominating the world coming? Circle will directly win big haha.
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Again with the "world's first"... Really? Has no one tried this before?
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This is a serious pilot, not just talk on paper. I really need to pay attention.
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Basically, it's still about betting on stablecoin infrastructure, and the risks are not small.
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Small island nations leading such innovation must be making traditional finance a bit nervous, right?
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SerumDegen
· 4h ago
ngl bermuda's literally just setting up the perfect liquidation cascade waiting to happen. one regulatory shift and the whole thing unwinds spectacularly
Bermuda is making waves in crypto adoption with an ambitious move: partnering with major platforms to create what they're calling the world's first fully onchain national economy. The collaboration zeroes in on stablecoin payments and broader USDC integration as the backbone.
The vision? Taking a entire nation's economy directly onto the blockchain. Instead of traditional payment rails, residents and businesses could conduct transactions using stablecoins natively. This isn't just theoretical—they're actively piloting these payment systems now.
It's a bold experiment in how governments and Web3 can collaborate. Whether it clicks or faces friction remains to be seen, but the message is clear: some jurisdictions aren't waiting around to explore onchain finance at scale. Bermuda's betting that stablecoin infrastructure could reshape how money actually moves.