Thailand has officially approved the trading of two key stablecoins, Tether (USDT) and USD Coin (USDC). The announcement came from the Thai Securities and Exchange Commission (SEC) on March 6, 2025.
“The SEC has revised the criteria for the cryptocurrencies list to be used for investment in digital tokens through ICOs process."
On March 10, 2025, Tether made an announcement regarding this approval. Tether’s CEO, Paolo Ardoino, expressed his views on the Thai market:
“We highly value the Thai market and are continuously exploring ways to enhance our services and offerings.”
The modified regulations from the Thai SEC are set to be effective from March 16, 2025. Tether’s USD₮ currently has a market cap of $142 billion and is recognized as the most widely used stablecoin worldwide.
Additionally, Tether reiterated that Thailand’s proactive digital asset regulations create a global benchmark. In their statement, they mentioned:
“This approval highlights Tether’s dedication to building bridges between traditional and decentralized economies.”
Thailand: One Of The Friendliest Jurisdictions For Digital Assets
The country has seen a significant rise in crypto adoption, ranking among the top 20 globally. Thaksin Shinawatra also noted the potential for cryptocurrencies in transforming Thailand’s financial landscape.
Currently There Are Five Listed Cryptocurrencies
As per the Thai SEC, the approved cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and others for testing settlement with Bank of Thailand.
Key Takeaways
- Thailand is adapting to the demand for reliable digital assets while remaining competitive globally.
- Stablecoins like USDT and USDC are increasingly popular due to their ties to fiat currencies, commonly the US dollar.
