CandleFocus Thailand’s Regulator Recognizes Tether’s USD₮ as an Approved Cryptocurrency in Major Step for Digital Assets
2025-03-10
Author: Content Editor
Tether, the largest company in the digital assets industry, has announced that Thailand's Securities and Exchange Commission (SEC) has approved its cryptocurrency USD₮. This approval allows USD₮ to be traded, listed on regulated exchanges, and accepted for payments within the country. The updated regulations, which aim to enhance flexibility in digital asset businesses, will come into effect on March 16, 2025. Thailand has become one of the friendliest jurisdictions for digital assets, and USD₮ accounts for around 40% of volumes. Tether, with a market cap of $142 billion, is the world's most widely used stablecoin and aims to support the long-term success and adoption of stablecoins in Thailand. This approval further solidifies Thailand's forward-thinking approach to digital asset regulation and showcases Tether's dedication to bridging traditional and decentralized economies.
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