USDT News: Thai SEC Approves Tether USDT for Use and Payments
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The Thai Securities and Exchange Commission (SEC) has made a significant move in the cryptocurrency space by approving Tether USDT for use and payments. This decision comes after a public feedback phase that ended in February and received overwhelmingly positive responses. With this approval, regulated exchanges in Thailand can now list USDT, paving the way for its wider adoption in the country.
Thailand SEC Approves Tether USDT for Use
The Thai Securities and Exchange Commission (SEC) has added Tether USDT to its list of approved cryptocurrencies. Regulated exchanges in Thailand can now list USDT, opening the way for the stablecoin to be used in payments. The approval follows a public feedback phase that ended in February, which received largely positive responses. With this inclusion, USDT joins Bitcoin, Ethereum, Ripple XRP, Stellar XLM, and other cryptos used by the Bank of Thailand for its programmable payment sandbox.
USDT and USDC Stablecoins on Ethereum Surge by $1.3B
In the past 7 days, USDT and USDC stablecoins on Ethereum have increased by $1.3 billion. Lookonchain analytics firm also noted that on Hyperliquid, these stablecoins decreased by $77 million. VISA on-chain analytics acknowledged that global businesses are increasingly adopting stablecoin payments, reporting a total transaction volume exceeding $240 trillion in the past 30 days and projecting a stablecoin market cap of $400 billion by 2025.
Thailand SEC Approves USDT for Trading and Payments on Regulated Exchanges
Thailand has granted regulatory approval to USDT (Tether), the world’s largest stablecoin, for trading and payments on regulated exchanges. The country’s Securities and Exchange Commission (SEC) confirmed that new rules allowing USDT transactions will take effect on March 16, 2025. This move is seen as a strategic way to foster digital asset innovation while ensuring a robust regulatory framework that benefits investors, businesses, and the broader financial ecosystem.
