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SCB Unveils Thailand’s First Stablecoin Payment System
- SCB has partnered with SCB 10X and Lightnet to launch Thailand's first stablecoin payment system.
- The system aims to make sending and receiving money across borders faster and more efficient.
- It uses stablecoins on a public blockchain to cut through the red tape and eliminate the need for pre-funded accounts.
- The partnership with Fireblocks ensures the security of users' funds during transactions.
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