Project Sand is a digital simulacrum of the Bahamian dollar.
The Central Bank of the Bahamas today launched its own blockchain-based central bank digital currency (CBDC), making it one of the first countries in the world to do so.
Called “Sand Dollars,” the tokens are cryptographic representations of the Bahamian dollar, minted and regulated by the nation’s central bank, that are integrated with the Caribbean island nation’s payments networks.
Info link:
https://decrypt.co/45740/bahamas-launches-its-central-bank-digital-currency