Breaking! The Kingdom of Bhutan launches a national gold-backed stablecoin! 🏔️💎
Bhutan officially brings physical gold into the digital age! Its "Gelephu Mindfulness City" project announces the launch of the sovereign gold-backed digital token TER, choosing to issue it on the Solana blockchain. Each TER token will be backed 1:1 by physical gold.
This is not just another stablecoin. It is a clear signal of a sovereign nation leveraging blockchain technology for financial innovation. Solana, with its high speed and low fees, has once again won the favor of key institutions, which is a strong fundamental positive for the SOL ecosystem.
For traders, this brings a new, stable, institutional-grade asset entry to the crypto market and may encourage more countries to explore similar models.
💡 Key Insight: The entry of sovereign nations + physical assets on-chain + adoption of high-performance public chains, these three factors create a strong long-term value narrative for the Solana ecosystem.
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