Bermuda will test its vision of a fully on-chain economy at the Transport Control Department, a routine touchpoint for residents and visitors. The government has chosen the TCD as the pilot for stablecoin payments because its modern, self-contained IT system makes integration straightforward, with broader roll-out to other government cashiers planned if the trial succeeds. Officials expect that starting in such a high-traffic setting will help normalise digital wallets and lay the groundwork for wider adoption across the island.
On the banking side, securing at least one local partner willing to support the project was identified as a prerequisite. The government noted that one bank has been active in the digital finance sector, providing services to digital asset companies such as Coinbase and Circle, and that discussions with potential banking partners will continue before a public rollout.
The TCD pilot builds on last year’s Digital Finance Forum, which included a USDC airdrop of 50,000 and saw roughly 500 people holding digital wallets able to receive airdrops. For the next forum, the aim is to reach 1,000–2,000 participants as officials seek to scale the initiative. Participation will be voluntary for both residents and businesses, with the government emphasising that adoption will come when the system is easy, convenient, and provides tangible benefits.
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