According to CoinMeta, Coinbase CEO Brian Armstrong stated that Bermuda has always been forward-thinking in the field of cryptography, combining an open attitude towards innovation with high regulatory standards. Earlier this year, Bermuda announced its goal to become the world's first fully blockchain-based national economy, which received support from Coinbase and Circle. During his recent visit, Armstrong observed that local businesses have begun to embrace USDC, and the blockchain economy is already in operation.