10 March, 2025 – Exciting news from Thailand! Tether, the leading name in digital assets, has announced a major win: Thailand’s Securities and Exchange Commission (SEC) has officially recognized USD₮ as an approved cryptocurrency.

What does this mean? This approval opens the door for USD₮ to be traded right within Thailand, making it easier to list on regulated exchanges. Importantly, it also sets the stage for USD₮ to be used for payments, further cementing the region’s position at the forefront of digital asset innovation.

These updated rules are designed to create more flexibility for digital asset businesses and will come into effect on March 16, 2025. The SEC had actually asked for public input on these changes beforehand, and after receiving widespread support from the industry, finalized them in February 2025.

This move by the regulator to recognize USD₮ is a real turning point for digital assets in the region. It’s a significant stride towards making Thailand’s regulatory environment clearer and stronger. This will give investors more options and flexibility, encouraging a more vibrant and robust digital asset industry. By making it easy to integrate USD₮, this decision helps Thailand diversify and modernize its financial system.

In recent years, Thailand has really become known as a welcoming place for digital assets. In fact, it ranks in the top 20 countries globally for crypto adoption, with USD₮ accounting for about 40% of the trading volume. Tether’s USD₮, boasting a market cap of $142 billion, is the most popular stablecoin worldwide, offering a reliable and efficient link between traditional and digital finance.

Paolo Ardoino, CEO of Tether, emphasized, “We truly value the Thai market and are always looking for ways to improve what we offer. Our main goal is to give users in Thailand a stablecoin experience that is secure, transparent, and dependable.” He added, “We’re dedicated to supporting the long-term success and wider use of stablecoins in Thailand and are excited to help grow the country’s digital asset world by building a robust and sustainable stablecoin infrastructure.”

Thailand’s innovative approach to regulating digital assets is setting an example worldwide. Tether is thrilled to see USD₮ playing such a key part in driving economic progress and digital change in the region. This approval really underscores Tether’s commitment to connecting traditional and decentralized finance, while making sure everything is secure, trustworthy, and efficient for users everywhere. Thailand’s progressive view on stablecoins is clear in its thriving digital asset market that’s backed by the Thai baht.