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Thailand will issue $150 million "Digital Investment Token" G-Token, aiming for returns higher than bank deposits.
[Thailand to Issue $150 Million "Digital Investment Token" G-Token, Aiming for Higher Returns than Bank Deposits] Thai Finance Minister Pichai Chunhavajira stated that the Ministry of Finance plans to issue a total of 5 billion baht (approximately $150 million) of the "Digital Investment Token" G-Token within two months. The token "aims to provide investors with higher returns than bank deposits" and will "be used to raise funds from the public according to the current budget borrowing plan," but "will not be a debt instrument." This move has received cabinet support and is being advanced following former Prime Minister Thaksin's suggestion to "issue a stablecoin backed by government bonds."