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Stellar has entered a major national payments partnership with the Government of Bermuda as the island moves forward with its plan to become the world’s first fully onchain economy. The Stellar Development Foundation and Bermuda announced that key payment and financial services activity will begin moving onto the Stellar network. The plan includes digital wallets, stablecoin-based payments, merchant settlement, public-sector payment systems, and possible government disbursements. The announcement follows Bermuda’s January 2026 statement at the World Economic Forum, where officials said the island intended to build a fully on-chain national economy. The latest step marks the first operational phase of that plan. Bermuda has already built a digital asset regulatory base through the Digital Asset Business Act of 2018. Officials said that the framework gives the country a foundation
The revised CLARITY Act could catalyze crypto innovation by balancing regulatory clarity with industry growth, potentially reshaping financial markets.
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Coordinated FX policies may stabilize crypto markets, enhancing stablecoin reliability and fostering cross-border transaction efficiency.
The post Japan’s Satsuki Katayama coordinates with Scott Bessent on FX policy, and crypto markets are paying attention appeared first on Crypto Briefing.
The Stellar Development Foundation and the Government of Bermuda have announced that the island nation will begin moving key payment and financial services activity onto the Stellar network — marking the first operational milestone in Bermuda’s stated ambition, declared at the World Economic Forum in January 2026, to become the world’s first fully on-chain national economy. Related Reading: Bitcoin Rally At Risk: This Critical Resistance Could End BTC’s Bullish Run The partnership, announced via Stellar’s official press release, is not a pilot study or a working group. It is the beginning of a live deployment. Bermudian residents will be able to receive wages, pay local merchants, settle government fees, and hold, send, and receive digital assets through digital wallets on the Stellar network. Government agencies expect to pilot stablecoin-based payments. Financial institutions will be able to integrate tokenization tools. Social service disbursements are also being explored as a use c
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Lawrence Jengar
May 12, 2026 22:59
Bermuda plans to use the Stellar blockchain for financial services, aiming to lower transaction fees and become the first fully on-chain economy.
The government of Bermuda is taking a significant step toward becoming the world’s first fully on-chain national economy. Speaking at the Bermuda Digital Finance Forum on May 12, Premier David Burt announced that the country will begin transitioning key payment and financial services activities to the Stellar blockchain network. This move builds on a January announcement at the World Economic Forum in Davos and highlights Bermuda’s ambition to lead in digital finance. Premier Burt emphasized the practical benefits of adopting blockchain technology, citing high transaction fees as a major hurdle for the island nation. “The lack of mobile money applications and reliance on legacy payments i
The US Senate Banking Committee’s crypto market structure push is running into a dense wall of amendments ahead of Thursday’s markup, with lawmakers filing more than 100 proposed changes to the CLARITY Act. The amendment rush puts stablecoin rewards, crypto firms’ access to the Federal Reserve system and even the use of digital assets for […]
The post JPMorgan joins reserve fund race with Ethereum-based JLTXX appeared on BitcoinEthereumNews.com.
JPMorgan has filed to launch the JPMorgan OnChain Liquidity-Token Money Market Fund, a tokenized government money market fund with the ticker JLTXX. Summary JPMorgan’s JLTXX fund targets stablecoin issuers needing Treasury-backed reserves and blockchain-based share transfer tools. Morgan Stanley’s MSNXX launch shows Wall Street banks are competing for stablecoin reserve management mandates. Earlier coverage linked JPMorgan to an XRPL settlement pilot with Mastercard, Ripple, and Ondo Finance. The filing lists Token Class Shares dated May 13, 2026, and says the fund seeks current income while keeping liquidity and principal stability. The fund is built for stablecoin issuers that need reserve assets under the GENIUS Act. JPMorgan says JLTXX will invest in a way intended to meet eligible reserve asset rules. Its portfolio will focus on U.S. Treasury securities and overnight repurchas
The post Stables Taps T-0 Network as Asia’s 60% Stablecoin Payment Share Tests USDT Rails appeared on BitcoinEthereumNews.com.
Key Takeaways Stables partnered with T-0 Network on May 12, 2026, to scale institutional USDT settlements across Asia. Infrastructure gaps persist in Asia, where 60% of global stablecoin flows face fragmented banking access. Stables targets the $300B market, routing USDT until local coins mature alongside Mansa and eStable. Navigating Regulatory Moats Stables, a stablecoin infrastructure platform, announced a strategic partnership with t-0 Network to enhance settlement capabilities for its USDT corridors across Asia. The collaboration establishes T-0 Network as a dedicated settlement partner, providing the liquidity necessary for Stables to process high- volume transactions across multiple jurisdictions and currency pairs. By integrating T-0 Network’s specialized settlement layer, Stables aims to eliminate “ liquidity ceilings” that can hinder developers scalin