The government of Bermuda plans to build a “fully onchain” national economy by leveraging digital asset infrastructure provided through a partnership with cryptocurrency exchange Coinbase and stablecoin issuer Circle. On Monday, during the World Economic Forum’s annual meeting in Davos, Switzerland, Bermuda Prime Minister David Burt and representatives of Coinbase and Circle said the partnership would enable the Caribbean island nation to use the USDC stablecoin and Coinbase’s Base infrastructure to develop a new economic model. As part of the initiative, Bermuda’s government institutions will begin with a pilot ... (full story)