Bhutan’s Digital Token: Is it a New Era of Crypto Adoption?
What are Bhutan’s ambitions regarding crypto adoption?
Bhutan has made headlines with the launch of the TER, a sovereign gold-backed digital token issued through Gelephu Mindfulness City. This bold initiative signifies Bhutan’s desire to modernize its economy while keeping its feet firmly planted in stability.
How is the TER token structured?
Interestingly, the TER is backed by physical gold, which is held by DK Bank, a government-regulated institution. Users can purchase the token through familiar financial channels, making it less intimidating than most cryptocurrencies. The token is built on Solana’s blockchain, which is known for its speed and ability to handle high transaction volumes.
