SCB Emerges as First Thai Bank to Adopt Stablecoins for Cross-Border Payments
Fintech News
OCTOBER 16, 2024
Siam Commercial Bank ( SCB ), alongside its venture arm SCB 10X and Lightnet , has launched Thailand’s first cross-border payment system utilising stablecoins, according to CoinGape. The use of stablecoins also streamlines currency conversion processes, facilitating easier transfers between digital and local currencies.
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