Thai Regulator Approves USDC and USDT

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Thailand’s financial regulator, the Securities and Exchange Commission (SEC), is expanding its list of approved cryptocurrencies to include the two largest stablecoins, Tether’s USDT and Circle’s USDC, as trading pairs on digital asset exchanges.

Previously, the SEC had approved only Bitcoin, Ethereum, XRP, Stellar, and specific tokens used in the Bank of Thailand’s settlement system.

This decision follows a public consultation in February, which saw widespread support for the proposal. The new regulations are set to take effect on March 16.

By recognizing USDT and USDC, Thailand is aligning with global trends where stablecoins are becoming integral to crypto trading and payments.