#OnChainLendingSurge A special administrative region in Bhutan announced on Wednesday that it will incorporate Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and BNB Coin (CRYPTO:BNB) as part of its strategic reserve.

What Happened

Gelephu Mindfulness City, located in the south-central part of the Himalayan nation, explained in a statement that it chose cryptocurrencies with large capitalizations to ensure ease of trading and avoid liquidity risks.

Bitcoin, Ethereum, and BNB rank first, second, and fifth among the most valuable cryptocurrencies, respectively. The initiative aims to strengthen the region's economic resilience and boost its existing capabilities in the Bitcoin mining sector.