Thailand's Securities and Exchange Commission (SEC) has officially recognized Tether's USD₮ stablecoin as an approved cryptocurrency. This landmark decision allows USD₮ to be traded on regulated exchanges and accepted in payments within Thailand. The updated regulations will take effect on March 16, 2025, and aim to enhance flexibility for digital asset businesses and provide investors with more choices. Tether's CEO, Paolo Ardoino, praised Thailand's forward-thinking approach to digital asset regulation and the contribution of Tether's stablecoin infrastructure to the country's digital asset ecosystem. This decision solidifies Thailand's reputation as a crypto-friendly jurisdiction and opens new opportunities for financial inclusion and innovation in the country.
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