The Securities and Exchange Commission (SEC) of Thailand expanded its list of approved cryptocurrencies, adding USDT (Tether) and USDC (Circle) stablecoins. This initiative will allow regulated crypto exchanges in Thailand to support stablecoin trading.
The Thai SEC announced the inclusion of USDT and USDC in its list of digital assets approved for trading on local exchanges. The decision followed public consultations held in February 2025, where the majority of participants supported the proposal.
Previously, the only cryptocurrencies permitted for trading in Thailand included BTC, ETH, XRP, XLM, and some tokens used within the Bank of Thailand’s payment system. The new regulation will take effect on March 16, 2025.
In 2024, the total transaction volume involving stablecoins reached $27.6 trillion, while the market cap of USDT and USDC stood at $142 billion and $58 billion, respectively.
According to Paolo Ardoino, CEO of Tether, the SEC’s decision will provide safe, transparent, and reliable access to stablecoins in Thailand, paving the way for their adoption as a means of payment in the country.
Thailand’s authorities recently launched a regulatory sandbox to test local crypto services and are actively developing a retail central bank digital currency (CBDC) project.
