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Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia.
Thailand Approves Tether’s USDT, Paving Way for Stablecoin Payments
Tether’s USDT, the world’s largest stablecoin by market cap, has been officially approved by Thailand’s Securities and Exchange Commission (SEC), a move that positions the country as a regional leader in digital asset innovation.
This regulatory recognition allows USDT to be legally traded on Thai exchanges and potentially accepted for payments, laying the groundwork for broader integration of stablecoins within Thailand’s financial ecosystem. The new guidelines will take effect on March 16, following a period of public consultation and widespread industry support.
Thailand’s acceptance of USDT marks a landmark moment for the global digital asset sector and reaffirms the country’s growing reputation as a crypto-friendly jurisdiction. With USDT already accounting for approximately 40% of digital asset trading volumes in Thailand, the decision solidifies the stablecoin’s critical role in local and regional finance.
Paolo Ardoino, Tether CEO, praised the move, highlighting it as a demonstration of Thailand’s progressive approach to digital finance.
We highly value the Thai market and our priority is to provide users in Thailand with a secure, transparent, and reliable stablecoin experience. We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the country’s digital asset ecosystem.
As more countries evaluate their stance on stablecoins, Thailand’s regulatory clarity sets a powerful precedent for bridging traditional and decentralized finance globally.