Economy moving “fully on-chain” but the data reveals a massive hidden catch

Bermuda wants to become the world's first “fully on-chain national economy.” The announcement, delivered jointly by the island's government, Circle, and Coinbase on Jan. 19, frames the initiative as the deployment of digital asset infrastructure across government agencies, local banks, insurers, small businesses, and consumers, with USDC positioned as the primary payment rail. The pitch: The post Economy moving “fully on-chain” but the data reveals a massive hidden catch appeared first on CryptoSlate.