Bhutan Introduces Gold-Backed TER Token on Solana as Part of Significant Digital Asset Initiative

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 17 hour ago

Launch of TER Token: Bhutan has introduced the TER token, a sovereign-backed digital asset fully collateralized by physical gold reserves, utilizing the Solana blockchain for enhanced transparency and accessibility for investors.
Integration with National Digital Strategy: The launch of the TER token aligns with Bhutan's broader digital asset strategy, which includes a CBDC pilot, significant Bitcoin reserves, and an upgrade of its National Digital Identity platform to Ethereum.
Advantages of TER Token: The TER token offers benefits over traditional gold markets, such as instant settlement, global portability, and transparent collateral verification, aiming to modernize Bhutan's financial ecosystem.
Positioning Bhutan in Blockchain: By combining gold's stability with Solana's efficiency, Bhutan seeks to showcase how smaller nations can leverage blockchain technology to enhance economic opportunities and demonstrate technological progress on a global scale.

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Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.