G Clay Miller has been appointed the United States digital finance adviser to Bermuda’s Ministry of Finance.

“After years of working on the island, I look forward to bridging ties with US regulators, policymakers and entrepreneurs as my home country continues to progress digital asset regulation,” Mr Miller wrote in a LinkedIn post announcing the move earlier this month.

The Royal Gazette has contacted Mr Miller for additional details about the position, but has not yet received a response.

At Solana Breakpoint in Abu Dhabi in December, Mr Miller, a partner at Penrose Partners, the digital asset advisory firm behind Bermuda’s annual Digital Finance Forum, told fintech TV how he believes the island’s next chapter will play out firmly onchain.

Bermuda, after becoming the first country in the world to pass comprehensive digital asset legislation in 2018, this month announced plans to team up with Coinbase and Circle to become the world’s first onchain economy.

A core focus now is transforming Bermuda from a largely cash-based economy into one where stablecoin payments are routine, he said. Mr Miller pointed to card and wire fees that can reach 7—8 per cent and “leave the island to international intermediaries”, arguing that US dollar-backed stablecoins such as USDC are a way to “keep economic substance” at home.

He said Penrose has been leading bank, insurer and law firm workshops, as well as small-business education with the Bermuda Economic Development Corporation, to get residents on-board with paying digitally. He lives what he preaches.

Since then, Mr Miller said, he has tried to “live off USDC” in Bermuda, paying rent, groceries and even eyeing a moped purchase onchain.

“Penrose has really taken it upon itself to live off of USDC in Bermuda,” he said. “If I go to a shop that doesn’t accept USDC, I make sure to pitch the business owner on the benefits of it.”

That push became tangible at the Digital Finance Forum early last year, where, in partnership with Circle and Coinbase, the firm executed what Mr Miller described as the world’s first fully licensed and regulated USDC airdrop, distributing roughly 50,000 USDC and enabling local merchants to accept it.