Summary
- Thailand's SEC announced that it has officially recognized Tether (USDT) as a compliant virtual asset.
- USDT can now be traded and listed on exchanges in Thailand, and there is also a possibility it could be used as a payment method.
- Paolo Ardoino, CEO of Tether, stated that they will provide a safe and transparent stablecoin experience to Thai users.
The Securities and Exchange Commission (SEC) of Thailand has officially recognized Tether (USDT) as a compliant virtual asset (cryptocurrency).
On the 10th (local time), Tether announced through its official website, "The Thailand SEC has recognized USDT as an approved virtual asset," adding, "With this approval, USDT can be traded within Thailand and listed on Thai exchanges." They continued, "There is also a possibility that USDT could be used as a payment method in Thailand," stating that "it will be an important stepping stone for the development of virtual assets in Thailand."
Paolo Ardoino, Chief Executive Officer (CEO) of Tether, said, "We will provide a safe and transparent stablecoin experience to Thai users," and added, "We will contribute to the growth of Thailand's virtual asset ecosystem."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
