Bhutan’s Gold-Backed Digital Token ’TER’ Launches on Solana Network
Bhutan just dropped a golden bomb on the crypto space—and it's running on Solana.
The Himalayan kingdom's new digital token, dubbed 'TER,' isn't just another memecoin. It's a sovereign-backed asset, with each unit pegged to physical gold reserves. This move positions Bhutan as one of the first nations to launch a gold-linked digital currency on a public blockchain, bypassing the traditional, sluggish central bank digital currency (CBDC) playbook.
Why Solana? Speed and scale.
Officials pointed to the network's high throughput and low transaction costs as the decisive factors. In a landscape where state-backed projects often get bogged down in bureaucratic tech, Bhutan chose the fast lane. The TER token aims to facilitate both domestic transactions and international trade, offering a digital store of value that's theoretically as stable as the gold sitting in a vault.
A not-so-subtle dig at fiat.
The launch statement carried a thinly veiled critique of inflationary flat currencies, emphasizing gold's historical role as a hedge against economic uncertainty. It's a bold statement for a nation, essentially offering a digital version of the oldest safe-haven asset in the book—while the rest of the world's central banks debate their next move.
The cynical finance jab? Watch traditional gold ETFs and funds squirm. A fractionally-backed, instantly-transferable token on a global network could make their paper-shuffling and management fees look decidedly last-century.
Bhutan's TER token is now live. It's more than an experiment; it's a direct challenge to the existing monetary order, wrapped in blockchain and backed by bullion.
Bhutan has introduced a gold-backed digital asset named TER, marking its latest move toward broader adoption of blockchain technology. The token, issued by the Gelephu Mindfulness City (GMC) Special Administrative Region, is supported by physical gold and runs on the solana network.
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