Bermuda has become the first national government to accept tax payments using USD Coin (USDC), marking a significant milestone for cryptocurrency and the Circle and Coinbase-backed CENTRE Consortium, the creators of USDC. This initiative is part of Bermuda's broader strategy to support USD-backed stablecoins and decentralized finance services, showcasing leadership in crypto policy and regulation. Circle, which previously received a Class F license under Bermuda's Digital Assets Business Act, supports various crypto-based financial services, including a payment system built on USDC. This development highlights the growing acceptance and integration of stablecoins into national financial systems, positioning USDC as a leading stablecoin with widespread support across the global crypto ecosystem. The initiative underscores the potential of public blockchains like Ethereum to enable diverse financial products and services, enhancing economic connectivity and efficiency without the need for expensive proprietary infrastructure.