Thailand's SEC Approves Tether's USD₮ for Trading and Payments, Effective March 16, 2025

Thailand's Securities and Exchange Commission (SEC) has officially approved Tether's USD₮ as a compliant cryptocurrency, allowing it to be legally traded and used for payments within the country. The new regulations, set to take effect on March 16, 2025, will facilitate the listing of USD₮ on regulated exchanges and its use in the Thai baht-backed digital asset market.

Tether, the largest company in the digital assets industry with a USD₮ market cap of $142 billion, views this approval as a pivotal moment for the integration of digital assets into Thailand's financial system. Paolo Ardoino, CEO of Tether, emphasized the company's commitment to enhancing its services and offerings in Thailand, aiming to provide a secure, transparent, and reliable stablecoin experience.

In a related development, the Hong Kong Exchanges and Clearing Limited (HKEX) has recognized the Stock Exchange of Thailand as a recognized stock exchange, enhancing the connectivity between the two financial markets.

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