[Bermuda Migrates Key Payment and Financial Services to Stellar, Advancing a Fully On-Chain National Economy] Odaily Planet Daily reports that the Stellar Development Foundation and the Bermuda government have jointly announced that Bermuda will migrate key payment and financial services to the Stellar network, officially advancing the construction of a 'fully on-chain national economy.' This initiative is based on Bermuda's 2018 Digital Asset Business Act regulatory framework and aims to significantly reduce local merchants' payment processing costs by 3%-5% or even higher. According to the plan, Bermuda residents will be able to use Stellar network digital wallets to receive salaries, make merchant payments, pay government fees, and hold digital assets in the future. The government will pilot stablecoin payments, financial institutions will gain access to tokenization tools, and related assets will also be utilized in government payment scenarios such as social service distributions.