A new initiative by the Bermuda government is transforming the island's financial landscape. According to the latest news, the local government has partnered with a leading compliant platform and Circle to pilot stablecoin payments in government departments. The goal is clear—promote the widespread use of USDC among local merchants and encourage financial institutions to introduce tokenized digital financial products. The core intention of this combined approach is to create a fully on-chain economic ecosystem. From payments to assets, from the government to merchants, the entire system is migrating onto the blockchain. This is not only a breakthrough in stablecoin application but also reflects the traditional financial system's exploration of deep integration with blockchain technology. For investors paying attention to policy developments and on-chain application implementation, such government-level experiments are important signals to watch closely.