Bhutan to Launch Gold-Backed Sovereign Digital Token on Solana

The Kingdom of Bhutan will debut $TER, a gold-backed national cryptocurrency, with its launch scheduled for December 17 on the Solana blockchain network.

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Terms & Concepts
  • Gold-backed digital token: A cryptocurrency whose value is pegged to a fixed amount of physical gold, aiming to provide stability and trust.
  • Solana blockchain: A high-performance blockchain platform known for fast transaction speeds and low fees, used for decentralized applications and crypto projects.
  • Sovereign digital currency: A state-issued cryptocurrency backed by government assets or guarantees, serving as an official digital representation of national currency or value.