BUSINESS

Binance trumpets baht-backed stablecoins

Business, Nareerat Wiriyapong, Published on 07/02/2025

» The government should consider issuing stablecoins backed by the baht for use within the country, including the proposed Phuket crypto sandbox, as fiat-backed stablecoins are less volatile than other digital assets, notably Bitcoin, says the Thai unit of Binance.