Thailand’s Securities and Exchange Commission has approved Tether’s USDT as a regulated cryptocurrency, allowing it to be traded and used for payments. The updated regulations, set to take effect on March 16, 2025, aim to enhance flexibility in the digital asset sector. With USDT accounting for 40% of local crypto volumes, this move strengthens Thailand’s position as a digital asset hub. Tether’s CEO, Paolo Ardoino, praised the decision, emphasizing the company’s commitment to supporting Thailand’s crypto ecosystem.
