Thailand will issue US$150 million in "digital investment token" G-Token, targeting higher returns on bank deposits
According to online reports, Thai Finance Minister Pichai Chunhavajira said that the Ministry of Finance plans to issue a total of 5 billion baht (about 150 million US dollars) of "digital investment tokens" G-Token within two months. The token "is designed to provide investors with a higher return than bank deposits" and will "be used to raise funds from the public under the current budget borrowing plan" but "will not be a debt instrument." The move was supported by the cabinet and was advanced after former Prime Minister Thaksin Shinawatra proposed "issuing stablecoins backed by government bonds."
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