In a significant development for Thailand’s digital asset landscape, the Securities and Exchange Commission (SEC) has officially approved Tether’s USDT and Circle’s USDC stablecoins for trading on regulated exchanges. This decision, effective March 16, 2025, marks a pivotal moment in the country’s efforts to integrate stablecoins into its financial ecosystem.
Expansion of Approved Cryptocurrencies
Prior to this approval, Thailand’s SEC had authorized only a select few cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system. The addition of USDT and USDC to this list signifies a broader acceptance of stablecoins within the Thai market.
Implications for the Digital Asset Ecosystem
The inclusion of USDT and USDC is expected to enhance market flexibility and provide more payment options for investors and traders. Stablecoins, known for their price stability, offer a reliable medium of exchange and store of value, which can attract a wider range of participants to the digital asset market.
Investor Identification, Introduction, and negotiation.
Regulatory Developments and Public Consultation
The SEC’s decision follows a public consultation held in February 2025, where the majority of respondents supported the amendment to include stablecoins in the list of approved cryptocurrencies. This public backing underscores the growing acceptance and demand for stablecoin integration in Thailand’s financial systems.
Global Context and Future Outlook
Thailand’s move aligns with global trends towards the adoption of stablecoins. Countries worldwide are exploring the potential of stablecoins to facilitate faster and more efficient transactions, both domestically and across borders. As Thailand continues to refine its regulatory framework, the integration of stablecoins like USDT and USDC is poised to play a crucial role in the evolution of its digital asset market.
References
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Tilleke & Gibbins. (2025). Thailand to Add USDT and USDC to Approved Cryptocurrencies List. (tilleke.com)
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Cointelegraph. (2025). Thailand Regulator Approves USDT, USDC Stablecoins. (cointelegraph.com)
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Gadgets 360. (2025). Thailand Approves USDT and USDC for Crypto Trading and Banking Settlements. (gadgets360.com)
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AsiaFirst. (2025). Thailand SEC Adds USDT, USDC to Approved Crypto List. (asiafirst.net)
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Thailand Business News. (2025). Thai SEC Broadens Cryptocurrency Offerings by Adding Stablecoins USDC and USDT. (thailand-business-news.com)
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