{"id":5863,"date":"2026-01-21T12:16:40","date_gmt":"2026-01-21T12:16:40","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5863"},"modified":"2026-01-21T12:16:40","modified_gmt":"2026-01-21T12:16:40","slug":"one-country-is-moving-its-economy-fully-on-chain-with-usdc-but-the-data-reveals-a-massive-hidden-catch","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5863","title":{"rendered":"One country is moving its economy “fully on-chain” with USDC, but the data reveals a massive hidden catch"},"content":{"rendered":"

<\/p>\n

\n

Bermuda wants to become the world’s first \u201cfully on-chain national economy.\u201d<\/p>\n

The announcement, delivered jointly by the island’s government, Circle, and Coinbase on Jan. 19, frames the initiative as the deployment of digital asset infrastructure across government agencies, local banks, insurers, small businesses, and consumers, with USDC positioned as the primary payment rail.<\/p>\n

The pitch: fast, low-cost, dollar-denominated settlement replacing expensive legacy systems.<\/p>\n

However, strip away the marketing gloss, and what’s actually on the table is something narrower and more instructive: a pilot-driven modernization of payment rails in a small, high-cost economy where traditional card networks extract hefty fees and where experimentation carries limited systemic risk.<\/p>\n

Bermuda isn’t mandating that every resident transact on a blockchain, but it is testing whether stablecoins can function as an everyday settlement infrastructure without forcing consumers to change how they pay.<\/p>\n

That distinction matters because the real story here isn’t Bermuda’s crypto ambitions. It’s the quiet, grinding work of making dollars-on-chain a practical financial layer, and the gap between what that requires and what most \u201con-chain economy\u201d headlines imply.<\/p>\n

\n
\"Ethereum\"Ethereum<\/div>\n
Related Reading<\/span><\/p>\n

Ethereum is facing a brutal institutional \u201cmidlife crisis,\u201d and the Foundation\u2019s 35-point response reveals a shocking new reality<\/h3>\n

A new comms lead, an institutions portal, and \u201cGet in touch\u201d CTAs suggest Ethereum thinks perception is becoming adoption.<\/p>\n

Jan 21, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

What \u201cfully on-chain\u201d actually describes<\/h2>\n

The official releases outline three concrete near-term actions: government agencies piloting stablecoin-based payments, financial institutions integrating tokenization tools, and residents participating in digital literacy programs.<\/p>\n

The government characterizes this as a continuation of a multi-year arc that began with the Digital Asset Business Act in 2018, included a USDC airdrop at the Bermuda Digital Finance Forum in 2025, and will scale further at the 2026 forum in May.<\/p>\n

But \u201cfully on-chain\u201d functions as a spectrum, not a binary.<\/p>\n

At the low end, it’s marketing with an announcement with minimal change to actual payment flows. At the high end, it’s an integrated national infrastructure where banks, insurers, and government agencies have built stablecoin settlement into core systems, consumer wallets arecommon, and measurable cost and time savings appear in the data.<\/p>\n

Bermuda’s current position sits somewhere between allowing on-chain payments and making them a default settlement rail for key flows.<\/p>\n

The language supports Level 1 to early Level 2: pilots exist, \u201cmultiple live examples\u201d are claimed, but no adoption statistics, timelines, or mandates have been disclosed.<\/p>\n

\n
\"SEC\"SEC<\/div>\n
Related Reading<\/span><\/p>\n

SEC Chair predicts 2-year timeline to put US fully on chain but the real $12.6 trillion opportunity isn’t equities<\/h3>\n

Collateral mobility is the pitch, yet delivery-versus-payment depends on an on-chain cash leg that isn\u2019t fully ready.<\/p>\n

Jan 15, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

The government hasn’t published merchant counts, transaction volumes, cost comparisons, or wallet penetration rates, and these metrics distinguish experimentation from transformation.<\/p>\n\n\n\n\n\n\n\n\n
Level<\/th>\nOperational meaning<\/th>\nWhat you\u2019d need to see<\/th>\nWhat Bermuda has actually disclosed<\/th>\n<\/tr>\n<\/thead>\n
0<\/td>\n\u201cOn-chain economy\u201d is primarily a branding line, with little to no change in real payment flows.<\/td>\nNo meaningful new payment options in production; no measurable change in costs, settlement times, or adoption; no public roadmap beyond general ambition.<\/td>\nHigh-level ambition language + partnership framing; no KPIs, timelines, or adoption figures published. (Easy to over-interpret without data.)<\/td>\n<\/tr>\n
1<\/td>\nOn-chain payments are permitted and usable in pockets: early merchant acceptance and limited government\/payment experiments.<\/td>\nNamed payment categories in scope (e.g., specific fees\/taxes); baseline counts (# merchants, # wallets); early volumes (monthly txn count\/$$); basic user journeys (cash-in\/out availability).<\/td>\nReleases describe pilots<\/strong> and claim \u201cmultiple live examples,\u201d with USDC positioned centrally<\/strong>, plus education\/onboarding plans \u2014 but provide no merchant counts, wallet penetration, volumes, or cost comps<\/strong>.<\/td>\n<\/tr>\n
2<\/td>\nStablecoins become a default (or common) settlement option for key flows, while legacy rails still exist.<\/td>\nPenetration rates by sector (% of merchant sales in stablecoins); cost delta vs cards\/wires; settlement speed metrics; reliable on\/off-ramps; named bank\/insurer integrations with go-live dates; compliance framework in production.<\/td>\nLanguage supports \u201callowing on-chain payments\u201d moving toward \u201cdefault rails\u201d in aspiration<\/strong>, but there\u2019s no disclosed timetable<\/strong>, no named integrating institutions, and no measured adoption\/cost outcomes yet.<\/td>\n<\/tr>\n
3<\/td>\nOn-chain is integrated into the national financial stack: government + financial institutions + broad consumer usage with measurable macro impact.<\/td>\nGovernment collections + disbursements materially on-chain (taxes\/fees + benefits\/payroll\/rebates); broad merchant coverage; high wallet penetration; audited cost\/time savings; resiliency\/uptime stats; clear governance and success metrics.<\/td>\nNot established by the announcement: no mandate<\/strong>, no claim that \u201call GDP\u201d settles on-chain, no replacement of fiat system, and no published success metrics showing system-level transformation.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The island as a laboratory<\/h2>\n

Bermuda’s small scale makes it an ideal testing ground. With a population of roughly 64,600 and a GDP of $9.23 billion, the economy is highly open and services-oriented.<\/p>\n

Consumer spending hit $841 million in the second quarter of 2025, providing a useful anchor for estimating potential savings.<\/p>\n

Traditional card networks charge merchants a blended fee of 2.5% to 3.5%. Stablecoin rails, depending on the on-ramp and compliance infrastructure, can reduce that to 0.5% 1.5%.<\/p>\n

If 10% of Bermuda’s consumer spending shifted to stablecoins, annual merchant savings could range from $3.4 million to $10.1 million. At 30% penetration, that climbs to $10.1 million to $30.3 million.<\/p>\n

Those numbers are illustrative models that assume functional cash-in\/cash-out infrastructure, merchant tooling, and regulatory clarity.<\/p>\n

But they show why even modest adoption could be meaningful for a small economy.<\/p>\n

The island has been experimenting with digital payments for years. In 2019, Circle announced Bermuda would accept USDC for tax payments. In 2020, the government partnered with Stablehouse on a \u201cdigital stimulus token\u201d pilot for in-person merchant transactions.<\/p>\n

The current initiative builds on that history, but it’s still unclear which government payment categories, such as taxes, licenses, customs, benefits, or payroll, will be included in the pilots, or when.<\/p>\n

\"Expected
Modeled annual merchant savings in Bermuda range from $3.4 million at 10% stablecoin adoption to $50.5 million at 50% penetration, assuming lower processing fees.<\/figcaption><\/figure>\n

The Visa proof point<\/h2>\n

The cleaner signal that stablecoins are becoming a practical settlement infrastructure doesn’t come from Bermuda. It comes from Visa.<\/p>\n

On Dec. 16, Visa announced USDC settlement for US issuer and acquirer partners, with initial banks including Cross River and Lead Bank.<\/p>\n

Settlement runs over Solana, and broader US availability is planned through 2026. By late November, Visa’s stablecoin settlement program had reached $3.5 billion in annualized volume.<\/p>\n

\n
\"BC\"BC <\/div>\n<\/div>\n

By mid-January 2026, that figure had grown to $4.5 billion.<\/p>\n

\n
\"Solana\"Solana<\/div>\n
Related Reading<\/span><\/p>\n

Solana is becoming settlement rail for Visa and JPMorgan but one metric still scares insiders<\/h3>\n

Wyoming\u2019s Frontier launch plus a Wall Street wrapper filing happened fast, and the real institutional bet is on settlement rails.<\/p>\n

Jan 8, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

Visa’s pitch mirrors Bermuda’s: modernize the rails without changing the consumer experience. Cardholders swipe the same way, and merchants receive dollars the same way.<\/p>\n

The difference is in backend settlement speed and cost. Yet, Visa’s own crypto head acknowledged in January that stablecoins still lack \u201cmerchant acceptance at scale\u201d for direct spending.<\/p>\n

The $4.5 billion annualized run rate is real traction, but it’s a rounding error next to Visa’s $14.2 trillion in total payment volume.<\/p>\n

That contrast of growing institutional adoption alongside limited consumer-facing utility defines stablecoins as payment infrastructure. They’re effective as settlement rails inside existing networks. They’re not yet replacing cards at checkout.<\/p>\n

\"Visa\"Visa
Visa’s stablecoin settlement grew from $3.5 billion to $4.5 billion annualized, but remains a fraction of its $14.2 trillion total payment volume.<\/figcaption><\/figure>\n

What the numbers hide<\/h2>\n

Stablecoin transaction volume headlines are misled by design.<\/p>\n

Bloomberg reported $33 trillion in total stablecoin transaction value for 2025, a 72% year-over-year increase.<\/p>\n

Meanwhile, Visa’s on-chain analytics paint a different picture: $47 trillion in gross stablecoin volume, but only $10.4 trillion when adjusted for high-frequency trading, arbitrage, and non-payment activity.<\/p>\n

That gap matters. It’s the difference between treating stablecoins as speculative instruments cycling through wash trades and treating them as genuine payment infrastructure.<\/p>\n

\n
<\/div>\n
Related Reading<\/span><\/p>\n

Banks are lobbying to kill crypto rewards to protect a hidden $1,400 \u201ctax\u201d on every household<\/h3>\n

They earn $176B on Fed reserves and $187B in swipe fees, and now they\u2019re lobbying to shut the rewards door.<\/p>\n

Jan 10, 2026<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

Bermuda’s bet assumes the latter use case will dominate, but the data shows the former still drives most volume.<\/p>\n

Circulating stablecoin supply now exceeds $310 billion, with USDT accounting for roughly $187 billion. That’s real liquidity, but it doesn’t automatically translate into grocery store checkouts or payroll disbursements.<\/p>\n

The connectors, such as on-ramps, off-ramps, merchant tooling, and compliance frameworks, remain the hard part.<\/p>\n

What Bermuda’s announcement doesn’t establish<\/h2>\n

The official releases don’t mandate that residents or merchants use stablecoins. They don’t claim that all GDP will settle on public blockchains. They don’t replace Bermuda’s fiat system with a sovereign token.<\/p>\n

More importantly, they don’t solve the banking problem: stablecoins still need the same connectors that enable traditional payments.<\/p>\n

Bermuda’s Digital Asset Business Act, passed in 2018, established a licensing regime for private-sector digital asset businesses and explicitly states it \u201cshall not apply to any entity owned by the Bermuda Government.\u201d<\/p>\n

That means the government’s move on-chain doesn’t automatically subject it to the same regulatory framework as Circle or Coinbase.<\/p>\n

The announcement also leaves critical questions unanswered. Which agencies will pilot stablecoin payments, and for which services? Which banks and insurers have integrated tokenization tools? What percentage of merchants accept USDC today, and what’s the average transaction size?<\/p>\n

Officials claim \u201cmultiple live examples\u201d but provide no metrics. That’s the gap between rhetoric and reality.<\/p>\n

The real stakes<\/h2>\n

The question isn’t whether Bermuda will wake up tomorrow with every transaction on a blockchain. It won’t.<\/p>\n

The question is whether a small, high-cost economy can build enough on-chain infrastructure to make stablecoins a default option for a meaningful share of economic activity.<\/p>\n

If it works, Bermuda becomes a reference case for other jurisdictions evaluating stablecoin adoption. If it doesn’t, the island joins the long list of crypto-friendly jurisdictions that announced ambitious plans but struggled with execution.<\/p>\n

The outcome depends less on blockchain technology than on operational discipline: onboarding merchants, training consumers, integrating compliance, and ensuring the cost savings are real and measurable.<\/p>\n

\n
Mentioned in this article<\/span><\/div>\n<\/div>\n<\/div>\n

Adoption,Featured,Payments,Stablecoins#country #moving #economy #fully #onchain #USDC #data #reveals #massive #hidden #catch1768997800<\/p>\n","protected":false},"excerpt":{"rendered":"

Bermuda wants to become the world’s first \u201cfully on-chain national economy.\u201d The announcement, delivered jointly by the island’s government, Circle, and Coinbase on Jan. 19, frames the initiative as the deployment of digital asset infrastructure across government agencies, local banks, insurers, small businesses, and consumers, with USDC positioned as the primary payment rail. The pitch:<\/p>\n","protected":false},"author":1,"featured_media":5864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1583,1580,97,1581,1310,349,34,249,492,597,1582],"class_list":{"0":"post-5863","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"tag-catch","9":"tag-country","10":"tag-data","11":"tag-economy","12":"tag-fully","13":"tag-hidden","14":"tag-massive","15":"tag-moving","16":"tag-onchain","17":"tag-reveals","18":"tag-usdc"},"yoast_head":"\nOne country is moving its economy "fully on-chain" with USDC, but the data reveals a massive hidden catch - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5863\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One country is moving its economy "fully on-chain" with USDC, but the data reveals a massive hidden catch\" \/>\n<meta property=\"og:description\" content=\"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5863\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-21T12:16:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5863\",\"name\":\"One country is moving its economy \\\"fully on-chain\\\" with USDC, but the data reveals a massive hidden catch - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg\",\"datePublished\":\"2026-01-21T12:16:40+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=5863\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5863#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One country is moving its economy “fully on-chain” with USDC, but the data reveals a massive hidden catch\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"One country is moving its economy \"fully on-chain\" with USDC, but the data reveals a massive hidden catch - Crypto News: Latest Cryptocurrency News and Analysis","description":"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=5863","og_locale":"en_US","og_type":"article","og_title":"One country is moving its economy \"fully on-chain\" with USDC, but the data reveals a massive hidden catch","og_description":"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.","og_url":"https:\/\/cryptonews.uk.com\/?p=5863","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-01-21T12:16:40+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=5863","url":"https:\/\/cryptonews.uk.com\/?p=5863","name":"One country is moving its economy \"fully on-chain\" with USDC, but the data reveals a massive hidden catch - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg","datePublished":"2026-01-21T12:16:40+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"Card fees can hit 3.5%, but without smooth on-ramps, off-ramps, and compliance, \u201ccheap settlement\u201d stays theoretical.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=5863#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=5863"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=5863#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/bermuda-stablecoin-connector.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=5863#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"One country is moving its economy “fully on-chain” with USDC, but the data reveals a massive hidden catch"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/5863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5863"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/5863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/5864"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}