CandleFocus Thailand reportedly weighing bond-backed stablecoins but no official word
2025-01-30
Author: Content Editor
Thailand's government is reportedly exploring the possibility of issuing stablecoins backed by government bonds, according to sources. This comes after former Prime Minister Thaksin Shinawatra encouraged the adoption of a more crypto-friendly stance and suggested the use of stablecoins or other assets backed by real-world assets. Additionally, Thailand plans to launch a crypto sandbox in Phuket in 2025 as a way to promote innovation in the tourism industry. The interest in stablecoins aligns with a larger trend in Southeast Asia, where government-backed stablecoins have become more prevalent.
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