Thai Regulator Embraces Stablecoins: USDC and USDT Approved for Enhanced Financial Strategy
by aria-crypto.com
March 10, 2025 at 15:15
Thai Regulator Embraces Stablecoins: USDC and USDT Approved for Enhanced Financial Strategy
Thailand's Securities and Exchange Commission (SEC) has officially approved the use of Tether's USDT and Circle's USDC stablecoins for cryptocurrency trading within the country. This move allows these stablecoins to be listed on regulated exchanges, joining an exclusive list that includes Bitcoin, Ether, XRP, and Stellar Lumen. The decision, effective from March 16, follows extensive public consultations and is part of Thailand's broader efforts to integrate cryptocurrencies into its financial system. With these approvals, USDT and USDC are poised to play significant roles in digital asset transactions and as payment methods, reflecting Thailand's ambition to leverage stablecoins for more efficient remittances and cross-border payments. The regulatory approval also aligns with Thailand's strategy to capture growth in cryptocurrency usage while bolstering domestic revenue through emerging financial technologies. According to recent data, stablecoins offer a cheaper and quicker alternative to traditional payment systems, marking a substantial advance in financial technology adoption in Thailand.
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