BANGKOK -- Stablecoins are emerging as an option for sending and receiving money from abroad in Thailand, backed by two of the country's biggest banks.
A Kasikornbank unit signed an agreement in mid-November to partner with Japan's G.U. Group, a provider of stablecoin issuance and management systems. With many Japanese companies operating in Thailand, the bank is eyeing stablecoin use for remittances between the two countries.
