Thailand's central bank moving forward with 1:1 baht-backed stablecoin plans

The Bank of Thailand is preparing a plan for a stablecoin pegged 1:1 to the Thai baht, with a public hearing on the proposal expected before the end of 2026. Governor Vitai Ratanakorn explained plan details at the “Capital with Purpose” conference hosted by efinanceThai. The planned stablecoin will not be a central bank digital...