Bermuda has partnered with Circle, Coinbase, and Stellar to initiate a groundbreaking on-chain economy pilot, featuring the Bermuda Digital Dollar. The Bermuda Monetary Authority has already conducted tests by distributing USDC to residents for use in temporary markets and plans to accept digital asset payments for government fees. As part of this initiative, Bermuda is updating its legal framework concerning property, contracts, and securities. The pilot also includes smart contract-based compliance systems and AI-powered payment hubs, aiming to position Bermuda as a leading global hub for tokenized assets and decentralized finance.