Thailand’s Central Bank Advances 1:1 Baht-Backed Stablecoin Plan, Public Consultation Expected by Year-End

Thailand’s central bank is moving forward with a plan for a stablecoin backed 1:1 by the Thai baht and expects to launch a public consultation on the proposal before the end of this year. According to ChainCatcher, the update was reported by the Bangkok Post. The report did not provide additional details on the stablecoin’s design, issuance model, or regulatory framework.