Hello there my Terran fren!

Are you ready to see what this week brought to us?

Monday, April 26th, 2021

SCB joins the Terra Network... and things are about to get heavy

This week started with BIG news.

How big, you ask?

Bigger than the invention of sliced bread.

"Bank" type of size.

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/58a6d5d5-4d78-48eb-a6cc-ca5a8ffa4c95/Untitled.png

This is because Siam Commercial Bank from Thailand launched a Validator on the Terra network.

Why is this important?

<aside> 💡 Well, if you recall (or maybe you don't because you're new to the network), it was merely a couple weeks ago when the Bank of Thailand published a statement forbidding Thailand to use stablecoins such as Terra's THT.

</aside>

<aside> 💡 This also opens the doors for other banks to test the waters and get involved in the Terra ecosystem.

</aside>