A tiny island territory with a population smaller than most college towns is attempting something no nation has pulled off: running its entire economy onchain. Bermuda’s Premier David Burt is working with Circle to turn that vision into reality, with USDC, Circle’s dollar-pegged stablecoin, serving as the digital plumbing.
The effort isn’t theoretical anymore. On May 6, 2026, during Consensus Miami, Burt confirmed that Bermuda is planning a second USDC airdrop to residents and expanding merchant acceptance across the island.
From Davos announcement to boots on the ground
Back on January 19, 2026, Bermuda made its onchain economy pitch at the World Economic Forum in Davos, declaring its intention to become the world’s first fully onchain national economy.
Circle and Coinbase are the two major private-sector partners supplying infrastructure and tools to government agencies and local businesses. Circle provides the stablecoin (USDC) and the programmable money rails, while Coinbase helps with the exchange and wallet infrastructure. The government is calling its public-private collaboration model the “Bermuda Triangle.”
