According to @0xferg, Grand Theft Auto V has generated $10.2 billion in revenue compared to Bermuda’s $7.1 billion GDP, underscoring the outsized scale of game economies relative to small national economies, source: https://twitter.com/0xferg/status/2013372875667833317. According to @0xferg, market participants also underestimate how soon major studios will migrate onchain, framing a nearer-term adoption path for onchain gaming, source: https://twitter.com/0xferg/status/2013372875667833317. Separately, Coinbase stated it is helping bring Bermuda’s economy onchain with support from Circle, calling it the world’s first fully onchain national economy, source: https://x.com/coinbase/status/2013320967003779479. For traders, these verified reference points create concrete comparables to size the total addressable market for onchain gaming and national-scale onchain payments infrastructure, and to track adoption milestones tied to the Coinbase- and Circle-supported Bermuda rollout, sources: https://twitter.com/0xferg/status/2013372875667833317 and https://x.com/coinbase/status/2013320967003779479.

According to @jessepollak, Bermuda is moving its entire economy onchain using Base and USDC, positioning the initiative as a national-scale deployment rather than a pilot. Source: @jessepollak on X, Jan 19, 2026. Coinbase said it is bringing an entire country onchain as Bermuda builds the world's first fully onchain national economy with support from Coinbase and Circle. Source: Coinbase on X, Jan 19, 2026. The announcement explicitly identifies Base and USDC as the core rails for the initiative, highlighting the payment and settlement layer named for adoption. Source: @jessepollak on X, Jan 19, 2026; Coinbase on X, Jan 19, 2026. The posts do not provide a rollout timeline or technical specifics beyond naming Base, USDC, Coinbase, and Circle, which limits immediate implementation detail for traders assessing near-term catalysts. Source: @jessepollak on X, Jan 19, 2026; Coinbase on X, Jan 19, 2026.