Thailand approves trading and payments with USDT (Tether)
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Thailand has officially recognized USDT (Tether) as a regulated cryptocurrency, and it can also be used for payments. The decision comes from the Thai Securities and Exchange Commission (SEC), which has given the green light to the most widespread stablecoin in the world, opening new opportunities in the local market. Thailand: the local SEC legalizes USDT (Tether) Thanks to the approval of the SEC, USDT can be freely traded on regulated Thai platforms and used for payments. This move strengthens Thailand’s role as a hub for innovation in digital assets, increasing the involvement of investors and companies. The new regulations will come into effect on March 16, 2025 and aim to ensure greater flexibility for cryptocurrency operators in the country. The SEC has worked on these measures by gathering feedback from the sector, consolidating support from companies and investors. The initiative thus marks an important update to the local regulatory framework. Impact on the economy and local investors The recognition of USDT as an authorized cryptocurrency represents a fundamental step in the modernization of Thai finance. The decision offers investors greater security and diversification, while at the same time consolidating the resilience of the digital asset sector. Thailand has established itself as one of the most welcoming countries for cryptocurrencies, ranking among the top 20 nations in the world for digital asset adoption. USDT accounts for about 40% of the cryptocurrency trading volume in the country, confirming its key role in the local financial ecosystem. Tether (USDT) officially enters the financial market of Thailand: a global stablecoin in expansion With a market cap of 142 billion dollars, USDT is today the most used stablecoin in the world. Its stability and reliability have made this digital asset an essential element for global trade, acting as a bridge between traditional currencies and…
Filed under: News - @ March 10, 2025 4:22 pm