Thailand Approves USDT And USDC For Trading: Tether CEO Welcomes The Decision

Thailand has officially approved the trading of two major stablecoins, Tether (USDT) and USD Coin (USDC). The Thai Securities and Exchange Commission (SEC) announced the approval on 6 March 2025.

“The SEC has revised the criteria for the cryptocurrencies list to be used for investment in digital tokens through ICOs process, for ICO portals to receive from investors or issuers for transactions, and for digital asset exchanges to use as base trading pairs with two additional cryptocurrencies, namely, USD Coin (USDC) and Tether (USDT),” the announcement said.

On 10 March 2025, Tether issued an announcement regarding the same.

Tether CEO Paolo Ardoino said, “We highly value the Thai market and are continuously exploring ways to enhance our services and offerings.” He added, “Our priority is to provide users in Thailand with a secure, transparent, and reliable stablecoin experience.” Tether’s USD₮ has a market cap of $142 billion and is the world’s most widely used stablecoin.

Importantly, the amended regulations by the Thai SEC will take effect from 16 March 2025.

https://twitter.com/stabolut/status/1899461491776012336

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Thailand: One Of The Friendliest Jurisdictions For Digital Assets

The country ranks among the top 20 countries globally in terms of crypto adoption.

“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 by fostering a strong and sustainable stablecoin infrastructure,” said Ardoino.

Furthermore, Tether said that Thailand’s forward-thinking approach to digital asset regulation sets a global benchmark. “Tether is proud to see USD₮ play a pivotal role in driving economic progress and digital transformation in the region,” the company said.

Tether insisted that the Thai regulator’s recognition of USD₮ as an approved cryptocurrency marks a pivotal moment in the evolution of digital assets in the region. Additionally, the company said that the approval represents a major step toward clarifying and enhancing Thailand’s regulatory framework.

“This approval highlights Tether’s dedication to building bridges between traditional and decentralized economies while ensuring security, trust, and efficiency for users worldwide,” the company said. “Thailand’s forward-looking stance on stablecoins is reflected in its vibrant, Thai baht-backed digital asset market.”

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Currently There Are Five Listed Cryptocurrencies

The Thai SEC has specified the list of eligible cryptocurrencies to be used for investment in digital tokens.

Currently, there are five listed cryptocurrencies. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and cryptocurrencies are used for testing settlement with Bank of Thailand‘s Programmable Payment Sandbox.

Recently, Thailand’s former Prime Minister, Thaksin Shinawatra, expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand.

Shinawatra made a push for Thailand’s financial institutions to be more open to cryptocurrency. He cited incoming US President Donald Trump’s pro-crypto stance. According to him, embracing cryptocurrency could position Thailand as a regional hub for blockchain development and digital finance.

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Key Takeaways

Thailand is addressing the growing demand for reliable digital assets while ensuring that its financial ecosystem remains competitive on a global scale.