Bermuda Begins Moving National Payments Onto the Stellar Network

By Isaac • May 13, 2026 5:18 pm •

Bermuda is putting its January pledge into motion. The Stellar Development Foundation and the Government of Bermuda announced on May 12 that the island will begin moving key payment and financial-services activity onchain onto the Stellar network.

The announcement marks the first operational milestone since Premier David Burt told the World Economic Forum in January 2026 that Bermuda planned to become the world’s first fully onchain national economy.

The practical scope is broad: wages, merchant payments, government fees, digital wallets, stablecoin pilots, tokenization tools, and on/off-ramp partnerships. For a small island economy where card-processing costs eat into every transaction, the financial logic is straightforward.

Today, the Stellar Development Foundation and the Government of Bermuda announced