Tether’s USD₮ Approved in Thailand

10 March, 2025 – Tether, the largest company in the digital assets industry, has announced that Thailand’s Securities and Exchange Commission has granted approval for USD₮ as an approved cryptocurrency.

This approval enables USD₮ to be traded within the country, facilitating its listing on regulated exchanges and paving the way for USD₮ to be accepted for payments, enhancing the region’s leadership in digital asset innovation.

The updated regulations aim to enhance flexibility in digital asset businesses and will take effect on March 16, 2025. The SEC had previously sought public feedback on these changes, which were finalized in February 2025, garnering extensive support from the industry.

The regulator’s recognition of USD₮ as an approved cryptocurrency signifies a pivotal moment in the evolution of digital assets in the region, marking a significant step towards clarifying and enhancing Thailand’s regulatory framework. This move will offer investors greater flexibility and choice while fostering a more dynamic and resilient industry. By enabling the seamless integration of USD₮, the decision contributes to the diversification and modernization of Thailand’s financial landscape.

Thailand has emerged as one of the most favorable jurisdictions for digital assets, ranking among the top 20 countries globally in terms of adoption, with USD₮ making up around 40% of volumes. Tether’s USD₮, with a market cap of $142 billion, is the most widely used stablecoin, providing a trusted, efficient bridge between traditional fiat systems and digital economies.

“We highly value the Thai market and are continuously exploring ways to enhance our services and offerings. Our priority is to provide users in Thailand with a secure, transparent, and reliable stablecoin experience,” said Paolo Ardoino, CEO of Tether. “We are committed to supporting the long-term success and adoption of stablecoins 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 proactive approach to digital asset regulation sets a global benchmark, and Tether takes pride in USD₮’s pivotal role in driving economic progress and digital transformation in the region. This approval underscores Tether’s dedication to bridging traditional and decentralized economies while ensuring security, trust, and efficiency for users worldwide. Thailand’s forward-looking stance on stablecoins is mirrored in its vibrant, Thai baht-backed digital asset market.