
Thailand has announced a $13.8 billion handout scheme aimed at boosting its sluggish economy. The plan involves distributing digital money, specifically 10,000 baht, to 45 million citizens. This initiative, described as a Stable Coin airdrop, is set to begin with a $14bn digital wallet registration on August 1. The Thai government believes this measure will provide a vital boost to the economy and help tackle high household debt. Additionally, the Board of Investment reported that Thailand saw a 35% rise in investment pledges in the first half of 2024, amounting to 458 billion baht ($12.7 billion), with significant contributions from the electronics and electrical sectors.

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Thailand has unveiled the rollout date for its long-delayed cash handout to boost the economy and tackle high household debt https://t.co/uJNq6BxIc2