Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
Tether, operator of the world’s biggest stablecoin by market capitalization, has reportedly proposed creating tokens representing borate minerals to the Turkish government.
Tether asked Turkey to consider implementing blockchain technology to create digital tokens backed by boron, Bloomberg reported on Oct. 24.
While a Turkish official said that Tether’s boron proposal isn’t something that can be currently implemented, another official at the country’s Energy Ministry reportedly claimed that the talks with Tether are at an early stage.
