Thailand's Siam Commercial Bank will partner with Lightnet to launch a stablecoin cross-border transfer service
2024-10-17 02:28:07
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Siam Commercial Bank (SCB), whose new stablecoin service was tested through the Bank of Thailand's regulatory sandbox, recently said it would start offering customers a stablecoin cross-border transfer and money transfer service in partnership with Lightnet, a fintech company. The service will allow customers to send or receive cross-border transactions 24 hours a day, 7 days a week, while reducing transaction costs.
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