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Bangkok Post – SCB tie-up offers nation’s first stablecoin

Blockchain used for foreign payments

The venture uses blockchain technology and stablecoins, aiming to make overseas remittances more efficient and reliable.

Siam Commercial Bank (SCB) has partnered with Lightnet, a fintech company co-founded by Chatchaval Jiaravanon, to launch Thailand’s first stablecoin, which is a digital asset pegged to gold or the dollar for cross-border payments and remittances.

The initiative,…

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