BANGKOK -- Transactions with stablecoins backed by local currencies will be the way to mass adoption of blockchain technology in Southeast Asia, says an executive of global cryptocurrency giant Coinbase.
At present, Coinbase Exchange has no plans to enter Southeast Asian jurisdictions, but its wallet business as well as its blockchain platform Base are aiming to reach mass markets in Thailand and the Philippines by enabling local developers to build products that will eventually support baht and peso stablecoins.
