Thailand Securities and Exchange Commission (SEC) has officially approved Tether USD₮ as a recognized digital asset. This will make the token available for trading on regulated exchanges. A Major Step for Thailand’s Crypto Framework It is worth noting that the security agency’s decision is part of updated digital asset regulations that will become operational by March 16, 2025. Reports say that these updated regulations intend to create a more flexible and structured environment for crypto businesses in Thailand. This will ensure a balance between innovation and investor protection. In February, it was reported that the agency requested the positions of industry leaders and experts on digital assets before finalizing the new framework. By approving USD₮, Thailand is taking a significant step toward integrating stablecoins into its financial system. The crypto adoption index shows that the nation is one of the most crypto-friendly jurisdictions. In fact, it is among the top 20 globally for adoption. Notably, USD₮ already accounts for around 40% of trading volumes in Thailand, with Tether’s stablecoin having a market cap of $142 billion. This new approval by the government further strengthens its role in bridging traditional finance and digital assets. Tether’s Commitment to Thailand While speaking on this development, Tether CEO Paolo Ardoino, reaffirmed the company’s commitment to the Thai market. He stressed that Tether purpose is clear, to provide users with a secure, transparent, and reliable stablecoin experience. The company also intends to contribute to Thailand’s growing digital asset ecosystem by building a strong and sustainable infrastructure for stablecoins. Thailand’s forward-thinking stance on digital assets makes it a global model for crypto regulation. Unlike regions with uncertain policies, Thailand has taken proactive steps to create a structured and supportive environment for digital finance. Meanwhile, Thailand’s security agency announced plans to launch a trading system for digital tokens last month. Market Trends and Investor Confidence Despite this regulatory breakthrough, market dynamics will be crucial in adopting USD₮. As of this publication, Tether is trading at $1.00, and the trading volume is 113.46% active. In addition, this latest recognition of Tether (USDT), coincides with the firm hiring Simon McWilliams as the new Chief Financial Officer (CFO). The CEO disclosed that McWilliams’ strong background in financial audits was a key reason for his appointment. His appointment will help strengthen investor confidence in Tether’s stability and reliability. The post Tether (USDT) Gains Approval In Thailand: Details appeared first on TheCoinrise.com .
