Thailand’s Regulator Includes USDC, USDT Stablecoins in List of Approved Cryptocurrencies
Christian Sandor, CoinDesk Bot | Edited by Steven Alpher , Mar 10, 2025 1:05 PM UTC
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), is expanding its list of approved cryptocurrencies by adding two of the largest stablecoins — Tether’s USDT and Circle’s USDC — as trading pairs on digital asset exchanges.
Previously, the regulator only gave permission for Bitcoin (BTC), Ethereum (ETH), XRP, Stellar (XLM) and some tokens used in the Bank of Thailand’s settlement system.
The move follows a public consultation in February, which saw a majority of respondents back the initiative. The new rules will come into force on March 16.
By recognizing USDT and USDC, Thailand is following global trends where stablecoins are taking center stage in cryptocurrency trading and payments. Stablecoins are one of the fastest growing segments of the cryptocurrency market, driven by high demand in developing regions such as Southeast Asia, Africa, and Latin America. USDT has a market cap of $142 billion, while USDC follows with a market cap of $58 billion.
USDT issuer Tether said on Monday that the approval paves the way for wider adoption of its token in Thailand’s financial sector.
Disclaimer : Some parts of this article were generated using AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk’s full AI policy.
Your email address will not be published. Required fields are marked *
[…] January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new…
Your writing is like a breath of fresh air in the often stale world of online content. Your unique perspective…
I would like to share my story and express my great gratitude to Maria. My husband Alexander was literally taken…