Bhutan Launches Gold-Backed TER Token on Solana Blockchain

The TER token, issued by Gelephu Mindfulness City and backed by the sovereign framework, will be distributed by DK Bank in its initial phase.

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Terms & Concepts
  • Gold-backed digital asset: A cryptocurrency whose value is supported by physical gold reserves, offering reduced volatility and tangible backing.
  • Solana blockchain: A high-performance blockchain platform designed for fast transactions and scalable decentralized applications.
  • Sovereign framework: A government-approved structure for issuing and regulating financial or digital assets within national jurisdiction.