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Thailands Siam Commercial Bank Announces Stablecoin Services For Cross-Border Payments

Siam Commercial Bank (SCB), the fourth largest bank in Thailand, has become the first financial institution in the country to offer stablecoin-based cross-border payments and remittance services. The stablecoin-based service will allow customers to send and receive payments…

Posted by Hicham ALAOUI RIZQ on 2024, Oct 18

Introduction

Siam Commercial Bank (SCB), the fourth largest bank in Thailand, has become the first financial institution in the country to offer stablecoin-based cross-border payments and remittance services. The stablecoin-based service will allow customers to send and receive payments…

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