On May 22, Aiden Labs and BPMG officially signed a Memorandum of Agreement (MOA), marking the beginning of a strategic partnership focused on the development and real-world implementation of stablecoin technology in Thailand.

This collaboration aims to serve as a major stepping stone toward driving digital payment innovation and building practical blockchain-based financial infrastructure in the country.

💸 What is STBC?

The project centers around STBC (Stable Thai Baht Coin) — a stablecoin pegged 1:1 to the Thai Baht (THB) or US Dollar (USD), backed by fiat currency reserves. Users will be able to send and receive STBC via personal digital wallets and convert it into “B Point” for everyday payments through Thailand’s popular QR Payment system.

Future developments also include integration with specialized Crypto ATMs, enabling users to withdraw cash directly using STBC.

🔍 What the Leaders Are Saying

Naten Jang, CEO of Aiden Labs,

“STBC is a secure, asset-backed digital payment solution. We plan to expand its services from Thailand to Southeast Asia through partnerships currently under discussion, leveraging trusted technology and real-world usability.”

Cha Ji-hoon, CEO of BPMG, 

“This collaboration is the start of a practical digital finance model. We hope the combination of technology and legal compliance will become a successful example for the industry.”

🌏 Pilot Program in Thailand’s Tourist Hubs

The two companies will launch a pilot program for STBC in the second half of this year, targeting Thailand’s key tourist hotspots: Bangkok, Chiang Mai, Phuket, and Pattaya.

With over 30 million annual international visitors, Thailand is one of the world’s top tourist destinations. STBC is expected to simplify foreign exchange for tourists, reduce transaction fees, and stimulate local economies through direct integration with local merchants.

⚖️ Complementing Thailand’s G Token Strategy

While Thailand’s Ministry of Finance is preparing to issue a G Token for local citizens, STBC — operated by the private sector and focused on foreign visitors — can complement the G Token strategy.

This public-private synergy aligns perfectly with Thailand’s broader digital economy vision.

🌐 Stablecoins on the Global Stage

Stablecoins are no longer just digital assets — they’ve become essential infrastructure for global payments.
In fact, Q1 2025 marked the first time in history that stablecoin transaction volume surpassed that of Visa and Mastercard, proving the transformative potential of this technology.

📌 Final Thoughts

The MOA between BPMG and Aiden Labs is more than a partnership. It’s a signal of progress for Thailand’s digital finance ecosystem. By launching STBC, these two pioneers are laying the groundwork for a new era of blockchain-powered payments — starting in Thailand, with the world in sight.