Siam Commercial becomes first Thai bank to adopt stablecoins for cross-border payments
CAT
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Siam Commercial Bank (SCB), Thailand’s fourth largest and oldest lender, has become the first financial institution in the country to offer stablecoin-based cross-border payments and remittance services, Nikkei Asia reported on Oct. 16. The stablecoin remittance service will be offered in collaboration with fintech firm Lightnet. The move aims to reduce transaction fees and provide […]
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Siam Commercial becomes first Thai bank to adopt stablecoins for cross-border payments
