Bermuda is brewing a big plan—to move the entire national economic system onto the blockchain. This is not just talk, but backed by specific partners and implementation plans.

At the World Economic Forum in Davos, Bermuda Prime Minister David Burt officially announced this cooperation. They plan to introduce the USDC stablecoin and infrastructure from a leading public blockchain to create a new digital asset model for the national economy. It sounds a bit sci-fi, but they have been laying the groundwork—passing the Digital Asset Business Act in 2018 to establish a comprehensive regulatory framework.

What exactly are they planning to do? The Bermuda government intends to run three pilot projects first: building a payment system based on stablecoins, enabling financial institutions to use tokenization tools, and organizing nationwide digital financial education. David Burt's words were: "The core goal is to create opportunities, reduce costs, and ensure that the people of Bermuda truly benefit from the financial future."

Interestingly, this plan didn't come out of nowhere. Local businesses have already started accepting digital payments, and this trend is bottom-up. Bermuda's move is to integrate scattered applications into a national-level financial infrastructure. From another perspective, small countries actually have advantages—quick decision-making, low trial costs, and easier to create demonstration effects.