Bermuda is aiming to show an example how to move crypto into everyday commerce without breaking the financial system, Premier David Burt said onstage at Consensus Miami 2026 on Wednesday.

Burt said the tiny island on the Atlantic is expanding its “onchain economy” initiative, a push to get stablecoins into the hands of residents, merchants and local businesses. The project was first announced in January at the World Economic Forum, with stablecoin issuer Circle (CRCL) and exchange Coinbase (COIN).

The government plans another airdrop of USDC stablecoin this year, tied to next week’s Bermuda Digital Finance Forum 2026, while also onboarding merchants that can accept digital payments. Participants will receive stablecoins through wallets…