The Reserve Bank of Zimbabwe will launch a gold-backed digital token "for trading purposes."

ChainCatcher news, the Reserve Bank of Zimbabwe (RBZ) stated that it is about to launch the GBDT (Gold-Backed Digital Token) "for trading purposes," which is currently "in the final stages of preparation."

The central bank stated that the launch of GBDT will "serve as a supplement to the US dollar in domestic transactions, as retailers will offer a safer, more convenient, and more stable medium of exchange."