- Thailand’s SEC announced top stablecoins USDT and USDC as official cryptocurrencies for various uses.
- Thailand citizens can start USDT and USDC trading and payments from March 16, 2025.
Even though the crypto market is down for the moment, its adoption is ever-growing. With the pro-crypto environment in the US, crypto regulation is also moving forward across various global countries. Recently, Thailand’s SEC announced two major stablecoins USDT and USDC as official cryptocurrencies.
As per the Thailand Business News report, the Securities and Exchange Commission (SEC) added USDT and USDC to its crypto offerings. The SEC revised its list of cryptocurrencies eligible for various use cases. And these two major stablecoins joined the already existing list of official cryptocurrencies in the country.
Thailand SEC’s Amended Regulations Will be Effective From March 16
The SEC of Thailand approved various crypto tokens for crypto investments and transactions in the country. Thailand citizens can use these cryptocurrencies for investments in digital tokens through ICOs, transactions on ICO portals, and digital exchanges. Bitcoin, Ether, Ripple, and Stellar are a few of the cryptocurrencies already approved by the Thailand SEC.
The amended regulations by the entity will be effective from March 16, 2025. Thus, Thailand citizens can use USDT and USDC for digital investments and transactions from the 16th of this month. Apart from the aforementioned cryptocurrencies, Thailand’s SEC also approved tokens that are utilized by the Bank of Thailand’s Programmable Payment Sandbox.
Stablecoin regulation and adoption is globally far ahead compared to other cryptocurrencies. White House AI & Crypto Czar David Sacks mentioned the potential of stablecoins several times on the news media. He believes stablecoins can help in increasing the US dollar dominance across the world.
Meanwhile, both USDT and USDC are recording market cap peaks of over $142 billion and $58 billion, respectively. This is notable growth amidst the present crypto market slump.
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