Thailand Officially Recognizes USDT and USDC for Crypto Trading!

Jakarta, Pintu News – The Securities and Exchange Commission of Thailand (SEC) has officially approved the use of Tether (USDT) and USD Coin (USDC) stablecoins for cryptocurrency trading in the country.

With this approval, both stablecoins can now be traded on regulated crypto exchanges in Thailand.

This decision was announced after the regulator finalized the proposed regulatory changes in February 2025, with the new rules scheduled to take effect from March 16, 2025.

The move is part of Thailand’s efforts to increase the legitimacy and adoption of digital assets to drive domestic economic growth.

Stablecoin Joins Thailand’s Official Crypto List

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With this new regulation, USDT and USDC join the list of cryptocurrencies that have been allowed to be traded in Thailand, which previously included only five major assets:

• Bitcoin BTC0.19%->Current BTC PriceRp 1.365.477.7380.19%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675
• Ethereum ETH0.45%->Current ETH PriceRp 31.285.8950.45%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0
• XRP XRP1.07%->Current XRP PriceRp 37.7661.07%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0
• Stellar XLM0.02%->Current XLM PriceRp 4.3970.02%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0
• Cryptocurrencies being tested for transaction settlement by the Bank of Thailand

Tether welcomed this decision and revealed that USDT can now be used by digital asset businesses in Thailand as legal tender.

Increased Adoption of Stablecoins in the Global Market

Adoption of stablecoins is on the rise, especially in developing countries that are looking for cheaper alternatives for cross-border payments.

A December 2024 report from Chainalysis stated that stablecoins have become a transformational solution in the remittance industry. The use of stablecoins in cross-border remittances in regions such as Sub-Saharan Africa is 60% cheaper than traditional methods.

According to data from DefiLlama, the total supply of stablecoins in circulation today is nearly $230 billion (Rp3.75 quadrillion), with USDT dominating 63% of the total stablecoin market.

Meanwhile, data from a16z Crypto shows that 28.5 million unique users of the stablecoin have made more than 600 million transactions in the past month.

Impact on Crypto Ecosystem in Thailand

With the legalization of USDT and USDC, Thailand further strengthens its position as one of the countries in Southeast Asia that is friendly to digital assets.

This move could attract more crypto investors and companies to operate in Thailand, as well as provide more stable transaction options for crypto users in the country.

Read also: BBVA Spain Launches Bitcoin and Ethereum Trading Service!

In addition, Thai regulators are also considering the approval of a Bitcoin Spot ETF, which could further accelerate crypto adoption in the region. If regulation continues to evolve in a more open direction, Thailand has the potential to become one of Asia’s leading digital finance centers.

Overall, the Thai SEC’s decision to certify USDT and USDC as part of the official digital assets is a big step for the crypto industry in the country.

With the widespread use of stablecoins in financial transactions, Thailand is demonstrating its commitment to supporting digital asset innovation.

This move not only strengthens the crypto ecosystem in Thailand but also provides more options for investors and users in managing their digital assets more safely and efficiently.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Thailand Regulator Approves USDT Stablecoin. Accessed March 10, 2025.
• Cryptoslate. Thailand’s SEC gives Tether and USDC the green light for digital trades. Accessed March 10, 2025.
• The News Crypto. Thailand SEC Adds USDT and USDC to List of Official Cryptocurrencies. Accessed March 10, 2025.