Bermuda has initiated a pilot program to migrate its national payments and financial-services infrastructure to the Stellar network, aiming to become the "world’s first fully onchain national economy." Announced on May 12, the program will enable Bermudians to conduct payroll, retail transactions, government fee payments, and digital asset management through Stellar-based wallets. This move follows Bermuda's announcement at the World Economic Forum in January. The pilot, developed with the Stellar Development Foundation, will explore stablecoin-based payment systems and involve local financial institutions in tokenization and onchain settlement. Stellar's network, known for low-cost, high-throughput payments, provides a robust infrastructure for integrating digital assets with local banking systems. While the pilot awaits regulatory approval, it represents a significant step in Bermuda's multi-year project to fully transition to an onchain economy.