The government of Bermuda has announced that it will now accept cryptocurrency for tax payments. In addition to taxes, Bermuda’s 65,000 residents will be able to pay for fees and other government services using USD Coin (USDC). The USD-backed stablecoin is pegged 1:1 with the US dollar. It was developed by the Coinbase-backed CENTRE Consortium […]The post Stablecoins Catch Fire: Residents of Bermuda Can Now Pay Taxes in Coinbase-backed Crypto appeared first on The Daily Hodl.
