Thailand Allows Exchanges to Trade USDT and USDC
Thailand’s Securities and Exchange Commission (SEC) has given the green light for Tether’s USDT and Circle’s USDC to be used in cryptocurrency trading, enabling these stablecoins to be listed on regulated exchanges throughout the country.
This approval follows public consultations on regulatory changes completed in February, with the new rules set to go into effect on March 16.
The decision is part of a broader effort to legitimize cryptocurrency usage and promote stablecoin adoption to enhance domestic revenue. In August 2024, Thailand initiated a regulatory sandbox to enable select service providers to test crypto applications.
USDT and USDC now join a select group of approved cryptocurrencies in Thailand, which includes Bitcoin, Ether, XRP, Stellar Lumens, and assets under evaluation by the Bank of Thailand for settlement purposes.
