Thailand’s Securities and Exchange Commission (SEC) has officially recognized Tether’s USDT as an approved cryptocurrency. This decision will enable USDT to be traded on regulated exchanges and be accepted for payments.
The updated regulations will be effective from March 16, 2025 and the main aim of this initiative is to improve flexibility in the digital asset sector. This move follows a public consultation in February 2025, which gathered a huge support from the cryptocurrency industry.
With USDT responsible for 40% of Thailand’s cryptocurrency trading volumes and a global market cap of $142 billion, its integration into Thailand’s financial ecosystem is expected to increase innovation, modernization, and diversification.
Expert Expresses Enthusiasm
According to the announcement, Paolo Ardonio, CEO of Tether, expressed enthusiasm for the Thai market, stating, “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 by fostering a strong and sustainable stablecoin infrastructure.”
The SEC’s approval and recognition of the USDT positions Thailand as one of crypto-friendly nation around the world. Also, Thailand is among the top 20 nations for adoption of cryptocurrencies.
Tether Recently Received Approval From Abu Dhabi’s FSRA
In December 2024, Abu Dhabi’s Financial Services Regulatory Authority (FSRA) granted Tether’s USDT the status of an Accepted Virtual Asset (AVA) within the Abu Dhabi Global Market (ADGM).
This approval allows FSRA-licensed entities to offer regulated services involving USDT across various blockchain networks, including Ethereum, Solana, and Avalanche. This decision was in line with UAE’s strategy to rise to the top as a global hub for digital finance by integrating stabelcoins into its financial ecosystem.
USDT bridges gaps between traditional and decentralized finance, enhancing accessibility and efficiency in transactions. These developments in Thailand and Abu Dhabi set a standard for regulatory clarity and innovation.
Also Read: Singapore Exchange to Launch Bitcoin Perpetual Futures in 2025
