Stellar to Power Bermuda's Plan to Become World's First Fully Onchain Economy

Stellar to Power Bermuda's Plan to Become World's First Fully Onchain Economy

/PRNewswire/ -- Today, the Stellar Development Foundation and the Government of Bermuda announced that Bermuda will begin moving key payment and...

Bermuda To Begin Migrating Payment And Financial Services Operations To The Stellar Network

Nonprofit organization behind the Stellar blockchain network, the Stellar Development Foundation, and the Government of Bermuda have announced plans to begin transferring key payment and financial-service operations onto the Stellar network. The move represents the first major operational step since Bermuda revealed at the World Economic Forum in January 2026 that it intended to pursue becoming the world’s first fully onchain national economy. T…

Bermuda Pushes Stellar to Build On-Chain Economy

The Government of Bermuda has partnered with the Stellar Development Foundation to transition major payment and financial services onto the Stellar blockchain network. The initiative is part of the country’s broader objective to become the world’s first fully on-chain national economy, following plans first introduced at the World Economic Forum earlier this year. The project is designed to modernize Bermuda’s financial infrastructure while redu…

Bermuda to Transition ‘Key’ Financial Services to Stellar Blockchain

Bermuda Premier David Burt announced several crypto-related initiatives to bring the island nation closer to the industry, including accepting and investing in digital assets and on-chain financial services.

Bermuda Expands Blockchain Push With Stellar-Powered Government Payments

The Government of Bermuda and the Stellar Development Foundation are joining forces to transition the country’s payments and financial services to the Stellar (XLM) network. Following the revelation of their plans at the World Economic Forum in January, the island is on track to become the first fully “on-chain” national economy. This decision aims to combat high legacy payment processing costs, which currently reach up to 10% for local resident…

Bermuda taps Stellar to widen government blockchain payments

Bermuda’s government is sticking to their plan of migrating their national economy onchain and is now partnering with the Stellar Development Foundation to move payments and other financial services onto its network, XLM.  The island mentioned that its residents were facing processing costs of up to 10%, making the move onchain not just an attempt at modernizing the system, but a necessary step for retaining economic value. Bermuda moves onchain…