BitCub Blockchain Technology and TrueMonney advance to Phase 2 testing of Thailand's THB Programmable Payment initiative under the Bank of Thailand's regulatory sandbox. The two major fintech players are now connecting their blockchain ecosystems (Base Chain and KUB Chain) to enable cross-platform THB stablecoin transactions. Phase 1 results showed strong traction with 1,527 participants, 6,020+ transactions, and ~3 million baht in circulation with zero downtime. Phase 2 targets 15 partners and four use cases including digital asset settlement and escrow services, positioning Thailand alongside Singapore and Japan in the regional stablecoin ecosystem.
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