Bhutan's recent move is quite bold. They just officially announced that they will launch a gold-backed token on the Solana chain, called TER (which means "treasure" in Dzongkha), scheduled to be released on December 17th of this year.

This is actually quite interesting—it's the first country-level on-chain token backed by real gold worldwide. Unlike previous efforts by some countries to buy Bitcoin ETFs, Bhutan is directly issuing a token, tying physical gold with blockchain technology, playing the game of sovereign digital assets.

Honestly, this move is quite daring. If successful, it could open a new path for other small countries; even if it fails, it would still be a serious experiment in the crypto world. After all, the traditional financial system's methods have little influence over small nations, so it’s better to try the waters with the Web3 wave. If the Solana ecosystem can support this initiative, it would also serve as a good case for public chains.