Thai government plans Baht stablecoin backed by gov bonds (Ledger Insights)
Thailand’s Ministry of Finance reportedly plans to issue 10 billion of baht stablecoins backed by government bonds, initially newly issued ones, in October, 2025. However, it isn’t clear whether these will be baht-pegged, or float with the value of the underlying bonds. If it is the latter, this is more like a tokenized bond, rather than a digital currency, scheme. From the press reports, it sounds more like the former, as the Minister of Finance reportedly spoke of them allowing a wider range of individuals to invest, and not just financial institutions or large investors. Also, he said that a central platform for secondary market trading is also being developed to facilitate easier buying and selling of the stablecoin, increasing market liquidity. [Read more at The Nation]
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