Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin

Bermuda Becomes First Gov’t to Accept Tax Payments in USDC Stablecoin

Bermuda became the first government to accept stablecoin USDC for tax payments, according to global financial services company Circle. Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments.Part of a broader government initiative to embrace stablecoinsAccording to a press release shared with Cointelegraph on Oct. 16, this development is part of a broader initiative, which sees the Bermuda government support “the…

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