Tether’s USDT Gains Thai SEC Approval for Legal Trading
Thailand’s Securities and Exchange Commission has approved Tether’s USDT as a regulated cryptocurrency so that it can be traded and used for payments. The regulation will come into effect on March 16, 2025, aims to increase flexibility in the digital asset industry. This move strengthens Thailand’s position as a digital asset hub, as USDT accounts for 40% of local cryptocurrencies. Tether’s CEO Paolo Ardoino praised the decision, highlighting the company’s commitment to supporting Thailand’s crypto ecosystem.
