Thailand has introduced an app called Worpt that allows foreign tourists to convert dollar-pegged stablecoins into Thai baht for spending at shops and restaurants.

The initiative is part of a regulatory sandbox overseen by Thailand's Securities and Exchange Commission. The app uses QR code scanning to facilitate payments, making it easier for crypto holders to spend their digital assets while visiting the country.

WORPT targets visitors from South Korea, Japan, the Middle East and Southeast Asia, aiming to make Thailand more attractive to cryptocurrency users who may not have traditional bank accounts or prefer digital transactions.

The trial is expected to provide insights into how crypto can be integrated into everyday commerce in a regulated environment.