A government just airdropped USDC to its citizens. Taught them to set up wallets, let them spend it at a pop-up market, and now accepting digital assets at the DMV.
Bermuda is building the world's first fully onchain economy - and the details are more interesting than the headline.

They partnered with Circle, Coinbase and Stellar. Circle runs digital treasury accounts. Coinbase handles onboarding. Stellar powers the sovereign Bermuda digital dollar, a state-issued stablecoin backed by fiat reserves in local banks.

Going fully onchain means rewriting contract law, property rights, share registers. The BMA already piloted smart-contract compliance with automatic transaction freezes and sanctions screening built directly into the protocol. It worked.
The advantage: 64,000 people. Small enough to move fast, large enough to prove the model.

"Smaller jurisdictions with the resources will be able to follow us. Larger jurisdictions would have to take a different train." - BMA CEO Craig Swan

$322 billion in stablecoins already circulating globally. Bermuda is building the infrastructure to run an economy on top of that.