BoT vows to continue with stablecoin plan

The Bank of Thailand's governor, Vitai Ratanakorn, is committed to rolling out a baht-pegged stablecoin, aiming to bolster digital finance and spur innovation in the sector. This initiative is part of a broader strategy to keep up with global trends in digital currency adoption and to provide a stable digital alternative to traditional banking. The move is significant as it could enhance financial inclusion and streamline transactions in an increasingly digital economy. The decision underscores Thailand's proactive stance in navigating the evolving landscape of digital currencies.