Thailand SEC Approves USDT and USDC for Crypto Trading, Effective March 16

Thailand's Securities and Exchange Commission (SEC) has approved Tether's USDt (USDT) and Circle's USDC (USDC) for cryptocurrency trading, effective March 16. This allows the stablecoins to be listed on regulated exchanges across the country and serve as base trading pairs. The decision follows a public hearing in February regarding regulatory changes finalized by the SEC. Tether CEO Paolo Ardoino welcomed the move, emphasizing the company's commitment to Thailand's digital economy. Thailand ranks among the top 20 crypto-friendly nations. USDT and USDC dominate nearly 90% of the $227 billion stablecoin market. The approval allows USDt to be adopted by digital asset businesses and used as a payment rail within the country, joining Bitcoin (BTC), Ether (ETH), XRP (XRP), and Stellar Lumen (XLM) as approved cryptocurrencies.