It’s Official! Thailand Approves USDT Tether for Trading and Payments

Bittime - Thailand is now increasingly friendly towards crypto assets! Recently, the Thai Securities and Exchange Commission (SEC Thailand) officially approved the use of USDT, Tether's stablecoin, for trading and use as a means of payment in the country. This decision makes USDT one of the digital currencies legally recognized in Thailand.

What Does This Agreement Mean?

With permission from Thailand's SEC, USDT can now:

• Traded on digital asset exchanges that have been regulated by regulators.
• It is used for payments in Thailand, as are the previously recognized Bitcoin (BTC), Ethereum (ETH), XRP and Stellar XLM.
• Making cross-border transactions easier with safer and more trusted stablecoins.

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Impact on the Crypto Ecosystem in Thailand

This Thai SEC decision has a positive impact on the crypto ecosystem in the country, such as:

• Increasing Market Confidence: With clearer regulations, investors and users have more confidence in using USDT.
• Support Crypto Adoption: Thailand is getting closer to an era where everyday transactions can use digital assets.
• Attracting the Interest of Foreign Investors: With more open regulations, many global crypto industry players may be interested in operating in Thailand.

Apart from that, Thailand has already recognized other digital assets such as Bitcoin and Ethereum. Now, with the addition of USDT to the list, users have more choices in their transactions.

Also read: USDT Dominance Is the Key to Stablecoin Stability, Here's a Fact

Tether and the Thai Crypto Market

Tether, the company behind USDT, welcomed this decision. They believe that clearer regulations will strengthen the crypto ecosystem in Thailand and provide more choices for users.

Tether CEO, Paolo Ardoino, also stated that Thailand is an important market for the company. "We really appreciate the support from Thai regulators and are committed to keeping USDT safe and trustworthy for users in this country," he said.

Additionally, Tether sees a huge opportunity in this new regulation to introduce more stablecoin-based services. With more and more countries recognizing stablecoins, the global crypto industry is expected to grow further.

Also read: 5 Reasons Why Trading USDT on OTC Bittime is More Profitable

Thailand Becomes Crypto-Friendlier

Over the past few years, Thailand has continued to update crypto regulations to provide protection for investors while encouraging innovation. Some of the steps that have been taken include:

• Removing investment restrictions for retail investors in certain digital assets.
• Grants permission to some crypto assets to be used in financial transactions.
• Develop blockchain-based payment infrastructure.

Thailand is also exploring the possibility of implementing a Central Bank Digital Currency (CBDC) to strengthen its digital financial ecosystem. 

With the increasing number of innovative steps in the world of digital assets, Thailand is increasingly showing its commitment to supporting the development of the crypto world.

This decision could also be an example for other countries in Asia that want to regulate stablecoins more clearly.

Conclusion

This approval is a big step for Thailand in the world of crypto. Now, users can more easily use USDT for their transactions, both in trading and everyday payments. With increasingly open regulations, Thailand has the potential to become one of the centers of the digital asset industry in Southeast Asia.

With this step forward, the future of digital payments in Thailand is increasingly bright, and it is likely that the country will become an example in stablecoin regulation for other countries in the region.

FAQ

1. What is USDT?

USDT (Tether) is stablecoin whose value is pegged 1:1 to the US dollar. The goal is to provide digital assets that are stable and easy to use in crypto transactions.

2. Is USDT the Same as Bitcoin?

No. USDT is stablecoin with a constant value of approx 1 USD, while Bitcoin has a fluctuating price.

3. Is USDT Safe to Use?

USDT is relatively safe because its value is stable, but users should be careful with it wallet security and regulations in each country.

4. Where Can You Buy USDT?

USDT can be purchased at bursa crypto such as Binance, Indodax, and Bittime, or via P2P trading.

5. Why is USDT Widely Used?

Because stable, easy to transfer, low cost, and is used as the main medium of exchange in crypto trading.

Reference

Crypto Times, Thailand SEC Approves Tether’s USDT for Trading and Payments, accessed March 11, 2025

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