Advertise
Bank of Thailand Nears Completion of Baht-Backed Stablecoin Framework
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
The Bank of Thailand is finalizing its framework for a 1:1 baht-backed stablecoin, with every token required to be fully backed by liquid reserves held in segregated accounts at licensed financial institutions. The initiative follows extensive testing in the central bank’s Programmable Payment Sandbox and marks a step toward a regulated digital currency. The stablecoin will initially be used for interbank payment settlements before expanding to applications such as programmable carbon credit markets and green finance.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
