On May 14, according to TheBlock, the Thai government plans to issue an investment-grade cryptocurrency to the public. Thai Finance Minister Pichai Chunhavajira announced that the cabinet has approved the issuance of a "Digital Investment Token" (G-Token) worth 5 billion baht (approximately $150 million) within two months. The product is positioned as a non-debt instrument and will serve as a financing channel for the current budget borrowing plan, with expected returns higher than bank savings products.
Paetongtarn Shinawatra's father, former Thai Prime Minister Thaksin, had previously suggested "issuing a stablecoin backed by government bonds" at the beginning of the year, and Thailand had also indicated in January that it was considering approving a local Bitcoin ETF listing.
