BHUTAN DEBUTS TER GOLD-BACKED TOKEN

Summary from the TLDR Crypto newsletter

Bhutan has launched TER, a Solana-based gold-backed token issued through Gelephu Mindfulness City with custody by DK Bank, the kingdom's first licensed digital bank, offering international investors blockchain-based physical gold ownership with digital portability. The announcement follows Kyrgyzstan's $50 million USDKG gold-backed stablecoin launch days earlier, demonstrating a pattern of smaller nations using blockchain to fuse traditional asset reserves with regulated digital finance. Gelephu Mindfulness City operates as a special administrative region using digital assets for financial reserves and innovation as part of Bhutan's broader blockchain strategy to diversify its economy.