Tether, the world’s leading digital asset company and the issuer of USDT stablecoin, has announced today that Thailand’s Securities and Exchange Commission (SEC) has officially recognized its USD₮ stablecoin as an approved cryptocurrency. This announced this mega achievement today via tweet and blog. This landmark decision marks a major milestone in the evolution of digital assets in Thailand.
Thailand’s Regulator Recognizes Tether’s USD₮ as an Approved Cryptocurrency in Major Step for Digital Assets
Read more:https://t.co/OYrNk8yUaQ
— Tether (@Tether_to) March 10, 2025
Thailand Approves $USDT for Regulated Trading and Payments
The approval allows USD₮ to be traded on regulated exchanges within Thailand, paving the way for its acceptance in payments. According to Tether, the updated regulations will take effect on March 16, 2025. These regulations received widespread industry support following a public feedback period finalized in February 2025. These changes aim to enhance flexibility for digital asset businesses, providing investors with greater choice.
Thailand’s recognition of USD₮ as an approved cryptocurrency clarifies and strengthens the country’s regulatory framework. With a market capitalization of $142 billion, USD₮ is the world’s most widely used stablecoin. In Thailand, where digital asset adoption ranks among the top 20 globally, USD₮ already accounts for approximately 40% of trading volumes.
Tether Applauds Thailand’s Crypto-Friendly Stance with USD₮ Approval
Paolo Ardoino, CEO of Tether, stated that the approval underscored Thailand’s forward-thinking approach to digital asset regulation. Ardoino also expressed pride in Tether’s contribution to the growth of Thailand’s digital asset ecosystem by fostering a strong and sustainable stablecoin infrastructure.
The decision builds on Thailand’s reputation as one of the most crypto-friendly jurisdictions in recent years. The country’s vibrant digital asset market, including its Thai baht-backed offerings, reflects a progressive stance on blockchain technologies. For Thai businesses and consumers, the approval of USD₮ opens new opportunities for financial inclusion, cross-border trade, and digital payments. As Thailand continues to refine its regulatory framework, this decision is poised to attract more innovation.