According to Foresight News, according to Cointelegraph, Thailand's Siam Commercial Bank (SCB) recently stated that it will cooperate with fintech company Lightnet to start providing stablecoin cross-border payment and remittance services to customers. The service will allow customers to send or accept cross-border transactions 24 hours a day, 7 days a week, while reducing transaction costs. The bank's new stablecoin service was tested through the Bank of Thailand's regulatory sandbox.