Thailand’s SEC adds USDT and USDC to the list of approved cryptocurrencies

Previously, the list of approved cryptocurrencies only included BTC, ETH, XRP, and XLM

10.03.2025 - 16:15

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What’s new? The Securities and Exchange Commission of Thailand has added Tether’s USDT and Circle’s USDC stablecoins to the list of approved assets for trading on exchanges. The new rules will come into effect on March 16 and will simplify the listing and trading of the largest dollar-pegged stablecoins on local regulated exchanges.

Material by RBC

What else is known? Previously, the list of so-called approved cryptocurrencies included only bitcoin, Ethereum, XRP, and Stellar (XLM). Now all six assets can be used for investment during initial coin offerings (ICOs) and as an underlying asset in trading pairs on exchanges.

At the moment, cryptocurrencies are not allowed as a means of payment in Thailand. However, in January, the authorities announced the launch of a pilot project in which tourists will be able to pay with cryptocurrencies for goods and services.

The pilot project is scheduled to be launched in Phuket this summer. In order to use cryptocurrencies as payment, tourists will need to register with a local exchange and undergo a personal identification (KYC) procedure.

Tether also noted that the regulator’s new initiative “paving the way” for the potential use of USDT as a means of payment in the local market.

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