Armstrong Highlights Bermuda’s Onchain Economy Push and USDC Use

Coinbase CEO Brian Armstrong highlighted Bermuda’s effort to move its economy onchain, saying local businesses already accept USDC. The claim adds merchant use to the territory’s earlier plans for digital-asset infrastructure and payments.

Bermuda is pursuing a fully onchain economy. The territory’s January plan named Coinbase and Circle as intended providers of digital-asset infrastructure and tools. In May, Bermuda and the Stellar Development Foundation announced an initiative to shift major payments and financial services to the Stellar network.

Bermuda has also selected WalletConnect for a planned merchant crypto-payment program. Premier Tickets is expected to be the first participant in a rollout targeted for the second quarter of 2027. The plan does not specify which digital assets or blockchain the payments will use.