Thailand’s Securities and Exchange Commission has officially recognized Tether’s USDT and Circle’s USDC as approved cryptocurrencies, allowing them to be traded on regulated exchanges. The decision, effective March 16, is a significant step toward stablecoin adoption in Thailand, joining Bitcoin, Ether, Ripple XRP, and Stellar XLM as the only cryptocurrencies permitted for trading.
In a statement, Tether CEO Paolo Ardoino said, "We highly value the Thai market and are committed to providing a secure and reliable stablecoin experience."
With USDT accounting for 40% of local crypto volumes and stablecoins increasingly used for payments and remittances, this move strengthens Thailand’s financial innovation and regulatory clarity while positioning the country as a leader in digital assets.