Thailand Launches Stablecoin Payment App WORPT

Thailand has launched a digital wallet application called WORPT, allowing foreign tourists to exchange stablecoins such as USDT and USDC for Thai Baht and make payments to local merchants through Thailand's QR PromptPay network. The app was introduced under the Thai Securities and Exchange Commission's Digipay regulatory sandbox program and was co-developed by Waan Exchange and Wipay, with partners including USDT issuer Tether, The Mall Group, and Visa. Local merchants do not directly accept cryptocurrencies; payments are settled in Thai Baht through standard payment systems. WORPT plans to launch physical and virtual Visa prepaid cards, enabling users to share the same Thai Baht balance for QR code payments and card transactions. The project is set to hold an official launch event in November 2026 and must comply with the sandbox's identity verification, transaction monitoring, and anti-money laundering rules.

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