Siam Commercial Bank (SCB), a long-established Thai bank, announced its partnership with fintech company Lightnet to launch stablecoin cross-border payment and remittance services. This service allows customers to conduct cross-border transactions 24 hours a day, 7 days a week while significantly reducing transaction costs.

Notably, the service has passed the Bank of Thailand’s regulatory sandbox testing, ensuring its security and compliance. This cooperation not only provides users with a more convenient cross-border payment experience, but also demonstrates the practical application potential of blockchain technology in the financial field. 🌐💰