Bhutan Launches TER Gold-Backed Digital Currency on Solana Blockchain

The Kingdom of Bhutan has officially entered the digital asset space with the launch of its TER token, a gold-backed digital currency built on the high-speed Solana blockchain. This strategic move aims to leverage blockchain technology for economic innovation. The TER token, pegged to physical gold reserves, is designed to offer a stable and secure store of value. By choosing the Solana network, Bhutan ensures fast transaction speeds and low costs for its national digital currency initiative. This development marks a significant step for Bhutan in exploring the integration of traditional asset backing with modern decentralized finance (DeFi) infrastructure.