Coinbase arm eyes footprint in SE Asia with baht, peso stablecoins

Coinbase arm eyes footprint in SE Asia with baht, peso stablecoins

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration

Transactions with stablecoins backed by local currencies will be the way to mass adoption of blockchain technology in Southeast Asia, says an executive of global cryptocurrency giant Coinbase.