Thailand to Launch $150M G-Token for Public Investment
Finance Minister Pichai Chunhavajira announced on Tuesday that the country will issue 5 billion baht (around $150 million) worth of G-Tokens. The initiative, recently approved by the Thai cabinet, is designed to offer the public higher returns than traditional bank deposits.
Although part of the governments budget borrowing plan, the digital token will not be classified as a debt instrument, Chunhavajira clarified.
The introduction of G-Token aligns with calls earlier this year from Thaksin Shinawatra, the father of Prime Minister Paetongtarn Shinawatra, who suggested the government explore stablecoins backed by state bonds.
The upcoming issuance marks a significant step in Thailands broader push toward integrating digital assets into its financial system.
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Text source: Coindoo
