With the support of Coinbase and Circle, Bermuda plans to become the world's first fully on-chain national economy. Announced at the World Economic Forum, this initiative will encourage government agencies to pilot stablecoin payments and financial institutions to use tokenization tools. Bermuda Prime Minister E. David Burt stated that the goal of the plan is to create opportunities, reduce costs, and ensure residents can benefit from digital finance. The collaboration includes nationwide digital literacy training programs and technical guidance.