According to the *Bangkok Post*, the Bank of Thailand (BoT) stated that it will continue advancing its Thai Baht stablecoin initiative and plans to launch a public consultation on the related proposal by the end of this year. Based on the initial plan, the stablecoin must be fully backed 1:1 by Thai Baht reserves. In the first phase, only financial institutions will be allowed to use it for settlements, with further application scenarios to be gradually evaluated.