Bermuda is advancing its 'on-chain economy' initiative by distributing USDC stablecoins to residents and encouraging local merchants to accept digital payments, as announced by Premier David Burt at Consensus Miami 2026. The government plans to conduct another USDC airdrop during the Bermuda Digital Finance Forum 2026 next week, allowing participants to receive stablecoins via wallets for use at local businesses. Burt emphasized that the initiative aims to build a payment infrastructure outside traditional card networks and banking systems, reducing transaction costs for small businesses and enhancing access to financial applications.