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Thailand will issue $150 million in "digital investment tokens" G-Token, aiming for returns higher than bank deposits.
[Thailand will issue $150 million "digital investment token" G-Token, targeting higher than bank deposit returns] Thai Finance Minister Pichai Chunhavajira said that the Ministry of Finance plans to issue a total of 5 billion baht (about $150 million) of "digital investment token" G-Token within two months. The token is "designed to provide investors with a higher return than bank deposits" and will be "used to raise funds from the public under the current budget borrowing scheme", but "will not be a debt instrument". The move was supported by the Cabinet and moved forward after former Prime Minister Thaksin Shinawatra proposed to "issue a stablecoin backed by government bonds".