Bank of Thailand Backs 1:1 Baht Stablecoin While Tightening Cross-Border Payment Rules

The Bank of Thailand plans to open a public consultation on a proposed digital stablecoin that would require full 1:1 backing with Thai baht reserves. Baht-Pegged Stablecoin Framework The Bank of Thailand plans to introduce a stablecoin pegged to the national currency as part of an initiative to support financial innovation, central bank Governor Vitai […]