Thailand SEC adds Tether USDT to list of approved cryptocurrencies
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Thailand Securities and Exchange Commission (SEC) has designated Tether stablecoin USDT as an approved cryptocurrency. The stablecoin issuer announced this on March 10, noting that it will boost USDT use in the country. According to an official announcement from Tether, regulated exchanges in Thailand can now list USDT, opening the way for the stablecoin to be used in payments. The Thai SEC’s approval decision follows a public feedback phase that ended in February. At the time, the SEC asked for public opinion on its decision to include USDT and USDC on its approved list of cryptocurrencies. The feedback from the public was largely positive and instrumental to the approval. With the inclusion, USDT and USDC join a list that already includes Bitcoin, Ethereum, Ripple XRP, Stellar XLM, and any other crypto used by the Bank of Thailand for its programable payment sandbox. By including the two biggest stablecoins, regulators in Thailand want to give digital asset issuers, ICO portals, and regulated exchanges in the country more flexibility while also allowing investors more choices. Tether lauds Thai SEC approval Tether has described the regulatory recognition of USDT as a milestone moment for digital assets in the region while noting its potential impact on transactions in the country. The firm said that it can now integrate its USDT seamlessly into Thailand’s financial services. It said: “The regulator’s recognition of USD₮ as an approved cryptocurrency marks a pivotal moment in the evolution of digital assets in the region and represents a major step toward clarifying and enhancing Thailand’s regulatory framework.” Meanwhile, Tether CEO Paolo Ardoino said the firm will continue looking for ways to improve the adoption of stablecoins in Thailand and contribute to the country’s digital assets industry. He said: “We highly value the Thai market and are continuously exploring ways to…
Filed under: News - @ March 10, 2025 4:23 pm