Bermuda is advancing its “onchain economy” initiative aimed at bringing stablecoins into everyday commerce, Premier David Burt said at CoinDesk’s Consensus Miami 2026 on May 6. Burt said the effort includes further distributing USDC, a dollar-pegged stablecoin, through another planned airdrop later this year. In parallel, Bermuda is working to onboard merchants that can accept digital payments, positioning stablecoins as a payment option for retail and business activity. The statements described Bermuda’s broader regulatory and commercial outreach to attract crypto-related firms and encourage the use of stablecoins outside of trading and investment contexts. Across the reporting, the initiative is framed as a next phase of Bermuda’s ongoing work to integrate stablecoin payments into mainstream economic activity, while engaging with regulators and industry participants. The specific timeline and details of the merchant onboarding and regulatory approach are not fully outlined in the provided excerpts, but both sources agree that USDC distribution and payment acceptance by merchants are central components of the plan.