Бутан и Cumberland на пути к созданию инновационного национального стейблкоина English translation: Bhutan and Cumberland on the path to creating an innovative national stablecoin.

The Bhutan Special Economic Zone in the City of Awareness, Gelephu (GMC), has entered into a memorandum of understanding with the market maker Cumberland DRW. This partnership aims to foster the growth of the digital asset ecosystem and financial infrastructure within the kingdom.

The parties have outlined key areas of collaboration:

They will also focus on training specialists and enhancing the country’s institutional capabilities.

Green Digital Ltd, a subsidiary of GMC, will lead the project on Bhutan’s side. The company will provide data centers powered by renewable energy. Cumberland will ensure access to global liquidity and trading expertise.

Gele Khamtsher, the chairman of Green Digital Ltd, expressed that this partnership will link Bhutan’s green infrastructure with capital markets. Donald Wilson, the founder of the trading firm DRW, confirmed the company’s commitment to supporting the development of a modern digital economy in the region.

Bhutan is among the first nation-state bitcoin miners utilizing hydroelectric power. According to Bitcoin Treasuries, the kingdom ranks seventh globally in terms of reserves in digital gold, holding 5,984 BTC valued at over $536 million.

Earlier this year, GMC announced its intention to diversify its strategic reserves by adding bitcoin, Ethereum, and BNB. Subsequently, a collaboration with Binance Pay enabled the use of cryptocurrency for payments in the kingdom’s tourism sector.

In October, Bhutan decided to migrate its national digital identification system from the Polygon blockchain to Ethereum. By December, GMC issued the gold-backed token TER on the Solana blockchain.