Odaily News According to reports, the Bermuda government has announced a partnership with Coinbase and Circle, planning to develop Bermuda into a "fully onchain" national-level economy and utilize digital assets as part of its daily financial infrastructure.

The plan was unveiled during the World Economic Forum in Davos, Switzerland. Key initiatives include piloting stablecoin payments within government departments, promoting the adoption of USDC among local merchants, and supporting financial institutions in implementing asset tokenization and digital financial instruments. Coinbase and Circle will provide digital asset infrastructure and technical support to the government, banks, insurance institutions, small and medium-sized enterprises, and individual users, alongside conducting nationwide digital financial literacy programs.

The Bermuda government stated that traditional payment systems are costly and restrictive for small island economies, whereas onchain finance can help reduce costs, improve efficiency, and expand financial accessibility. Bermuda's Premier, David Burt, noted that this initiative aims to create more opportunities for local residents and ensure they benefit from the future development of the financial system.

Odaily News: Crypto journalist Eleanor Terrett posted on platform X, stating that following Coinbase's public opposition, several leading companies and industry associations in the cryptocurrency sector issued statements tonight in support of the Senate Republican (BankingGOP) market structure bill. Currently, a16z, Circle, Kraken, Digital Chamber, Ripple, and Coin Center have all expressed their support.

Odaily News: UK clearing bank ClearBank has announced a partnership with crypto custodian Taurus to support stablecoin services. ClearBank will utilize Taurus-PROTECT as its wallet infrastructure provider, enabling it to offer digital asset services, including MiCAR-compliant USDC and EURC, in a secure, scalable, and compliant manner. This move is reportedly part of ClearBank's plan to join the payment network of stablecoin issuer Circle. (CoinDesk)

Odaily News: According to monitoring by Lookonchain, with Tether newly minting 1 billion USDT, Tether and Circle have collectively issued $3.75 billion in stablecoins over the past week.

Odaily News According to data from msx.com, as the U.S. stock market opened, the Dow Jones Industrial Average fell 0.3%, the S&P 500 index dropped 0.05%, and the Nasdaq Composite declined 0.12%. Crypto-related stocks saw broad declines, with BitMine down 0.49%, Circle down 1.7%, Coinbase down 0.81%, and Strategy down 0.22%.

It is reported that msx.com is a decentralized RWA trading platform that has cumulatively listed hundreds of RWA tokens, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.