Bhutan
Bhutan has committed 10,000 BTC to finance a planned 'Mindfulness City', tapping most of its estimated 11,286 BTC holdings valued at over $986 million. The allocation makes Bhutan the fifth-largest known national Bitcoin holder and tests a sovereign use of crypto for public development.
Bhutan has launched TER, a Solana-based token reportedly backed by physical gold and issued through the Gelephu Mindfulness City initiative. The project aims to marry traditional reserves with blockchain liquidity.
Bhutan has staked $970,000 worth of ETH with Figment to grow its validator infrastructure, deepening its direct involvement in Ethereum's proof-of-stake network and complementing its existing Bitcoin holdings.
Cointelegraph recently visited Bhutan to explore the current state of cryptocurrency adoption in the eastern Himalayan kingdom. This piece sheds light on how cryptocurrencies are being embraced in this unique nation and how platforms like Bitlet.app are aiding this growth with innovative services.