Thai Baht TrueMoney (THBT)

Thai private companies are marching forward to test the use of a fixed-value digital currency (1 baht) under the Bank of Thailand’s sandbox. True Money is preparing to launch THBT on the Base blockchain, following Bitkub Blockchain’s announcement yesterday of the limited-use THBK in partnership with J Ventures.

What is Thai Baht TrueMoney (THBT)?

Thai Baht TrueMoney (THBT) it’s emerging stablecoin token pegged to the Thai Baht, rather than the standard THB currency used by TrueMoney e‑wallet.

How did THBT come about?

Thai fintech companies are beginning to conduct testing of the Programmable Payment test project under the Bank of Thailand (BOT)’s Enhanced Regulatory Sandbox.

The latest company to make an official announcement is TrueMoney Co., Ltd., which is one of the companies authorized by the Bank of Thailand to participate in testing the Programmable Payment project under the Enhanced Regulatory Sandbox.

(1 August 2025) True Money Company Limited announced on its Facebook page
“Thai Baht TrueMoney (THBT), a fixed-value digital currency backed by 100% real baht on the blockchain, is soon available for testing under the Programmable Payment test project in the Bank of Thailand’s Enhanced Regulatory Sandbox.”

The company will use the public blockchain “Base” network for testing, and will soon launch the test, but will only accept 3,000 testers and will not be available to the public outside of the test area.

During the test period, there will be no fees or service charges for THBT redemption/withdrawal from users. THBT will be used to purchase goods and services on the marketplace via the TrueMoney application.

According to the BoT website, in addition to its Asset Tokenization payment service, TrueMoney Co., Ltd. will also be testing a “Global Stablecoin Exchange Service.”

This is in line with True Money’s clarification in a note on its Facebook post that the True Money (THBT) Thai Baht coin service is operated by True Money Company Limited under the Bank of Thailand’s sandbox.

For purchasing coupons with THBT and swapping with other stablecoins, services are provided by Ascend Bit Company Limited under the Digital Asset Regulatory Sandbox of the Securities and Exchange Commission (SEC).

What is TrueMoney THBT wallet?

TrueMoney is a widely used e-wallet and payment platform in Thailand that transacts in Thai Baht (THB), not a token called “THBT.” It’s the standard Thai currency used within the app

Genuine users—both Thai and foreign residents—use TrueMoney Wallet to top up, pay bills, transfer funds via QR codes, and more, all denominated in THBT

What is THBT?

There is a cryptocurrency token, labeled THBT, that claims to be a Thai-bath‑pegged stablecoin (also called “Thai Baht TrueMoney”), but it’s distinct from TrueMoney’s official wallet. Details

According to blockchain token explorers and blogs, Thailand Token (THBT) is an ERC-20 or BEP‑20 token, reportedly pegged to physical Thai Baht, with very low liquidity and minimal usage (market cap under $1)

Social media mentions portray it as a “digital coin” backed 100% by real baht, but it appears to be an unofficial, decentralized project with limited adoption and no official affiliation with TrueMoney or Ascend Group

Should you use THBT token?

Probably not. Unlike established stablecoins and payment utilities like USDC or Tether, the THBT token

• Lacks exchange listings or a clear liquidity path
• Has questionable legitimacy and backing
• Is not the currency used within the TrueMoney system

Final THBT Takeaway

For everyday payments in Thailand, you would use TrueMoney Wallet in THB.

The token named THBT is a separate crypto project—likely unrelated to the official TrueMoney service.

If you’re a traveler or local, use TrueMoney Wallet and standard Thai Baht (THB); don’t rely on the token unless you’re doing speculative blockchain research.

Thai Baht TrueMoney (THBT) Summary

TrueMoney has announced plans to launch a test of “THBT” (Thai Baht TrueMoney), a digital token pegged to the Thai baht 1:1 and backed by 100% real baht. This digital token will be used for purchasing goods and services via the TrueMoney app under the Programmable Payment project under the Bank of Thailand’s Enhanced Regulatory Sandbox, using the public blockchain Base. The first phase will be open to 3,000 testers, with no fees or service charges for redeeming or withdrawing coins. A swap service for THBT with other stablecoins will also be offered, operated by Ascend Bit Ltd., under the Securities and Exchange Commission’s Digital Asset Regulatory Sandbox.

Reference: Verster Community

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