Thailand officially recognizes USDT and USDC for cryptocurrency trading 💰💰💰💰

#StablecoinSurge

The Securities and Exchange Commission of Thailand (SEC) has officially approved the use of Tether (USDT) and USD Coin (USDC) stablecoins for cryptocurrency trading in the country.

With this approval, both stablecoins can now be traded on regulated cryptocurrency platforms in Thailand.

This decision was announced after the regulator finalized the proposed regulatory changes in February 2025, with new rules set to take effect from March 16, 2025.

This move is part of Thailand's efforts to enhance the legitimacy and adoption of digital assets to stimulate national economic growth.

With this new regulation, USDT and USDC join the list of cryptocurrencies that have been authorized for trading in Thailand, which previously included only five major assets:

Bitcoin

Ethereum

XRP

Stellar

Cryptocurrencies tested for transaction settlement by the Bank of Thailand

💡Impact on the crypto ecosystem in Thailand

With the legalization of USDT and USDC, Thailand further strengthens its position as one of the Southeast Asian countries favorable to digital assets.

This measure could attract more investors and cryptocurrency businesses to operate in Thailand, as well as provide more stable transaction options for crypto users in the country.