Bhutan's Special City GMC to Issue Gold-Backed Token 'TER' Utilizing Solana

On November 11, the Bhutanese government's special administrative region, 'Gelephu Mindfulness City (GMC)', officially announced the launch of the digital token 'TER', backed by gold, scheduled for November 17. The token represents the value of the nation's gold holdings and will be sold by banks under national supervision. The launch coincides with Bhutan's National Day, symbolizing a key measure in the country's ongoing digital economic strategy. The blockchain technology chosen for this initiative is Solana, known for its high-speed processing and low costs. The token acts as a digital certificate on the blockchain, representing the nation's gold holdings...