Thailand Launches Stablecoin-to-QR Payment App WORPT

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Thailand’s SEC news includes the launch of WORPT, a new app developed by Waan Exchange and Wipay under the Digipay sandbox program. The app enables tourists to convert stablecoins such as USDT and USDC into Thai Baht for use with QR PromptPay payments. Partners include Tether, The Mall Group, and Visa. WORPT will also issue Visa prepaid cards linked to the same Thai Baht balance. The project targets a November 2026 launch, subject to compliance approvals. A network upgrade is expected to support the app’s payment infrastructure.

Huo Xing Finance reports, according to Bitcoin.com News, that a collaborative project in Thailand has launched the digital wallet app WORPT, enabling foreign tourists to convert stablecoins such as USDT and USDC into Thai baht and pay local merchants via Thailand’s QR PromptPay network. The app was launched under the Securities and Exchange Commission of Thailand’s Digipay regulatory sandbox program for tourists, developed jointly by Waan Exchange and Wipay, with partners including Tether, the issuer of USDT, The Mall Group, and Visa. As designed under the sandbox, local merchants do not directly receive cryptocurrency; payments are settled in Thai baht through standard payment systems. WORPT also plans to introduce physical and virtual Visa prepaid cards, allowing users to share the same Thai baht balance for both QR code payments and card transactions. The project is scheduled for a formal launch event in November 2026 and must comply with sandbox requirements for identity verification, transaction monitoring, and anti-money laundering rules.

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