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For example, US dollar-backed stablecoins such as USDT and USDC are widely used. Thailand could create a baht-pegged stablecoin for local use, he told the Bangkok Post. "However, this approach has ...

The baht is up around 1.2% against the dollar this year, more than double the gain of a broad gauge of Asian currencies. A key reason is Thailand’s role as a gold-trading hub Bloomberg Terminal ...