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Ethereum(ETH)
$2,925.60
-5.20%
XRP(XRP)
$1.89
-5.11%
Solana(SOL)
$124.96
-4.32%
Audiera(BEAT)
$2.74
+56.46%
Aster(ASTER)
$0.83
-11.46%
Chainlink(LINK)
$12.59
-6.12%
BNB(BNB)
$844.77
-4.37%
Bitcoin(BTC)
$85,592.81
-3.61%
Dogecoin(DOGE)
$0.13
-5.00%
Zcash(ZEC)
$402.97
-0.53%
Cardano(ADA)
$0.38
-4.37%
Sui(SUI)
$1.45
-8.14%
Shiba Inu(SHIB)
$0.00
-4.08%
Pi(PI)
$0.20
-3.46%
Midnight(NIGHT)
$0.06
-10.13%
NEXPACE(NXPC)
+
Bittensor(TAO)
$262.36
-8.70%
Avalanche(AVAX)
$12.31
-5.26%
Polkadot(DOT)
$1.85
-5.67%
Hyperliquid(HYPE)
$27.44
-5.68%
Bhutan Turns Its Gold Reserves into Digital Tokens on Solana
By
Coin Edition
4 days ago
BANK
SOL
GOLD
GOLD
GOLD
- Bhutan has launched a new gold-backed digital token, TER.
- DK Bank will be the digital token’s exclusive distributor.
- GMC-licensed Matrixdock will provide infrastructure for the new token.
The government of Bhutan, a Himalayan kingdom, has launched TER, a gold-backed digital token on the Solana blockchain that represents allocated physical gold held in custody. The launch fits into Bhutan’s broader effort to use blockchain inside its financial strategy.
Bhutan uses TER to test gold-backed stable value tokens
According to reports, Gelephu Mindfulness City (GMC), a designated Special Administrative Region in Bhutan, issued TER tokens in a process designed for limited uptake, considering the intention for the digital asset to be used for specific purposes. Meanwhile, Musheer Ahmed, founder and managing director of Finstep Asia, stated that GMC’s TER issuance …
Read The Full Article Bhutan Turns Its Gold Reserves into Digital Tokens on Solana On Coin Edition.
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