Thailand Approves USDT and USDC as Regulated Stablecoins
Thailand’s SEC adds the two major dollar-backed stablecoins to its approved crypto list.
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.