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Thailand Approves Stablecoin Payments with USDT and USDC

Mon Mar 10 2025

Thailand’s SEC has added USDT and USDC to the list of approved cryptocurrencies, opening new prospects for their use in investments and payments. The decision is backed by the Bank of Thailand, while Tether reaffirms its commitment to developing digital payments in the country.

🇹🇭 Thailand Greenlights Stablecoin Payments with USDT & USDC

🚀 SEC Expands Crypto List, Tether Eyes Thai Market

Big news from Thailand! The country's Securities and Exchange Commission (SEC) is making moves, officially adding Tether (USDT) and USD Coin (USDC) to the list of cryptocurrencies approved for investments and trading on digital exchanges. The new rules kick in on March 16, 2025, paving the way for stablecoin payments to be tested within the Bank of Thailand’s crypto sandbox.

🔎 Stablecoins Enter Thailand’s Digital Finance Scene

The Bank of Thailand's Programmable Payment Sandbox has been running tests on digital asset settlements, and the results? Promising. In response, the SEC decided to expand its approved asset list, stating:

“The inclusion of USDT and USDC enhances digital financial opportunities and creates conditions for further testing of innovative payment solutions.”

💰 What This Means for Thailand’s Crypto Landscape

Stablecoins like USDT and USDC are pegged to the US dollar, making them a reliable choice for payments, remittances, and cross-border transactions. Now that they're officially recognized, Thailand is opening the door to simpler, faster, and more efficient crypto-based payments for businesses and individuals alike.

🛠️ Tether Joins the Party

Tether, the world’s largest stablecoin issuer, is all-in on this decision. CEO Paolo Ardoino welcomed the move, saying:

“We are committed to providing a secure and transparent stablecoin experience for users in Thailand, helping the country strengthen its position in the digital economy.”

Thailand has been experimenting with digital payments for a while, but this marks a major leap toward mainstream adoption of stablecoins in the country’s financial system.

🔥 TL;DR:

Thailand’s SEC is approving USDT & USDC for trading and payments, starting March 16, 2025. The Bank of Thailand’s sandbox has shown stablecoins can boost financial efficiency, and Tether is expanding into the Thai market. Could this be a turning point for crypto adoption in Southeast Asia? 👀