Thailand’s Finance Minister Pichai Chunhavajira announced a groundbreaking initiative to launch 5 billion baht (approximately $150 million) worth of G-Tokens. This move, approved by the Thai cabinet, aims to offer higher returns to the public than traditional bank deposits. Although part of the government’s budget borrowing plan, G-Token will not be classified as debt. This launch follows calls earlier this year from Thaksin Shinawatra, father of Prime Minister Paetongtarn Shinawatra, who suggested the government explore stablecoins backed by state bonds. This step significantly advances Thailand’s effort to integrate digital assets into its financial landscape.