Tether(USDT) News: Thailand’s SEC Approves Tether and USDC for Digital Asset Transactions

In a significant development for the cryptocurrency market in Thailand, the Securities and Exchange Commission (SEC) has granted approval for the use of Tether (USDT) and Circle’s USD Coin (USDC) in digital asset transactions. This move opens up new opportunities for these stablecoins in the region.

Thailand’s SEC Approves Tether and USDC for Digital Trades

The Thai Securities and Exchange Commission (SEC) has approved the use of Tether (USDT) and Circle’s USD Coin (USDC) in digital asset transactions. This decision allows these stablecoins to serve as base trading pairs on exchanges, support investments in Initial Coin Offerings (ICOs), and facilitate transactions through ICO portals. The new rule follows a public hearing in February and will take effect on March 16. Tether CEO Paolo Ardoino welcomed the move, emphasizing the company’s commitment to Thailand’s digital economy. Over the years, Thailand has become one of the most crypto-friendly nations.

Thailand’s SEC Approves USDT & USDC, Alongside Bitcoin & Ethereum

Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. The country has now allowed the use of Tether (USDT) and Circle’s USD Coin (USDC) on licensed digital asset exchanges. This decision follows a growing demand for stablecoins in crypto trading and payments worldwide. With this approval, Thailand opens its doors to stablecoins, a crucial part of the global crypto market. Stablecoins like USDT and USDC are widely used for trading, payments, and remittances due to their price stability.

Thailand SEC Approves Tether’s USDT, Boosts Digital Asset Innovation

Thailand’s Securities and Exchange Commission (SEC) has officially approved Tether’s USDT as a recognized cryptocurrency. This decision allows USDT to be traded within Thailand and listed on regulated exchanges, enabling it to be accepted for payments. The approval solidifies Thailand’s position as a leader in digital asset innovation. The SEC’s new regulations, set to take effect on March 16, 2025, aim to provide greater flexibility for digital asset businesses. USDT accounts for 40% of global stablecoin volume and is expected to expand further in Thailand.