Bhutan launches gold-backed digital token on Solana blockchain
The Kingdom of Bhutan has issued a state-backed token called TER, a digital asset fully backed by physical gold. This token was launched on the Solana blockchain to ensure fast transactions and global accessibility.
Source Incrypted
This initiative is part of Bhutan's strategy to develop its digital economy and attract investment. The introduction of TER could strengthen Bhutan’s position in the global financial market and promote the adoption of innovative financial instruments.
Looking ahead, by integrating traditional assets with advanced blockchain technology, Bhutan may set an example for other nations aiming to combine gold and digital assets for stable economic growth.
