- SEC has approved Tether (USDT) and Circle’s USD Coin (USDC) as viable payment options for Thai investors.
- The decision strengthens Thailand’s crypto market and increases traders’ flexibility.
Tether announced that on March 10, 2025, Thailand’s Securities and Exchange Commission (SEC) certified Tether (USDT) as a recognized cryptocurrency. The regulator also approved Circle’s USD Coin (USDC). This is a move that would solidify Thailand’s position as a key player in digital asset innovation.
The new regulation would start on March 16, 2025, after being decided with industry support. Paolo Ardoino, Tether’s CEO, shared a statement underscoring their commitment to the country, stating, “Our priority is to provide users in Thailand with a secure, transparent, and reliable stablecoin experience.” He added.“We are committed to supporting the long-term success and adoption of stablecoins in Thailand.”
The approval is a big step towards combining the conventional and decentralized economies to ensure trust, security, and efficiency for traders worldwide.
See Related: Thailand Tightens Crypto Rules In The Wake Of The FTX Collapse And Market Volatility
What It Means For Thailand’s Crypto Future
Thailand’s regulator authorizing USDT and USDC is a game-changer in its crypto future. Recognizing stablecoins will boost investors’ confidence and also reinforce the digital economy.
According to reports shared by Tether, USDT takes on a major part of Thailand’s crypto trading (around 40% at the time of this writing). So, this decision will undoubtedly strengthen its role within the country’s financial system.
USDT and USDC approval signals Thailand’s progressive approach to regulating crypto, fostering more innovation and investment.
