March 10, 2025 – Tether, the largest company in the digital asset industry, has announced that Thailand’s Securities and Exchange Commission has approved the acceptance of the US dollar as an approved cryptocurrency.
This approval allows US dollars to be traded domestically, including promoting a list of regulated exchanges that promote local leadership in Digital Asset Innovation.
The updated regulations aim to increase the flexibility of digital asset companies and will come into effect on March 16, 2025. The SEC previously requested public feedback on these changes.
The recognition of the US dollar as an approved cryptocurrency marks a pivotal moment in the evolution of digital assets in the region, representing a key step towards clarifying and strengthening Thailand’s regulatory framework. This will provide investors with more flexibility and choice while promoting a more dynamic and resilient industry. By enabling seamless integration of USD, decision-making supports diversification and modernization of Thailand’s financial landscape.
Thailand has emerged in recent years as one of the most friendly jurisdictions for digital assets, ranking in the top 20 countries worldwide in terms of recruitment, with USD accounting for around 40% of the volume. With a market capitalization of $142 billion, Tether’s USD is the world’s most widely used Stablecoin, providing a reliable and efficient bridge between traditional Fiat systems and the digital economy.
“We value the Thai market and are continually exploring ways to enhance our services and services. Our priority is to provide Thai users with a safe, transparent and reliable stubcoin experience.” Tether CEO Paolo Aldoino said. “We are committed to supporting long-term success and stubcoin adoption in Thailand, and look forward to contributing to the growth of the country’s digital asset ecosystem by fostering a strong and sustainable Stablecoin infrastructure.”
Thailand’s advanced approach to digital asset regulation sets a global benchmark, and Tether is proud to play a pivotal role in fostering economic progress and digital transformation in the region. This approval underscores Tether’s dedication to building a bridge between traditional and decentralized economies, while ensuring security, trust and efficiency for users around the world. Thailand’s future-looking stance on Stable Coin is reflected in the vibrant Thai baht-supported digital asset market.
