Thailands first stablecoin, UAEs DAO regulations [Video]

Southeast Asia is one of the world’s fastest-growing regions and is home to some of the most rapidly developing economies. With this comes the demand for fast, cost-effective, and efficient payment and remittance systems. 

Blockchain and digital assets are filling this void. In Thailand, one of the largest banks introduced the country’s first stablecoin for cross-border payments and remittances, while in Singapore, banking giant DBS (NASDAQ: DBSDY) introduced real-time blockchain payment settlements for institutions. 

The UAE has been the regional leader in digital asset regulations, and this time, it’s targeting DAOs, a sector that has proven notoriously difficult to police for regulators in Europe and the U.S.

Thailand’s Siam launches cross-border stablecoin

Siam Commercial Bank, the fourth-largest lender in Thailand, recently announced the launch of its stablecoin, which will target cross-border payments and remittances.

The Bangkok-based bank partnered on the initiative with Lightnet, a fintech founded by …