Thai Central Bank Sets A Precedent By Banning Baht-pegged Stablecoin

Source: iStock/Jan-Otto
The Thai central bank, the Bank of Thailand, has taken the unprecedented step of banning a fiat baht-pegged stablecoin, claiming that it could undermine the Thai public’s confidence in the existing financial system.
The stablecoin in question is the THT, the brainchild of the South Korean blockchain firm and terra (LUNA) token issuer Terra (also known as Terraform Labs).  Read more »
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