The Thai Securities and Exchange Commission (SEC) has announced the addition of USD Coin (USDC) and Tether (USDT) stablecoins to its approved list of cryptocurrencies.
This revision allows these stablecoins to be used for investments in digital tokens through Initial Coin Offerings (ICOs), transactions conducted via ICO portals, and as base trading pairs on digital asset exchanges.
The change, effective 16 March 2025, follows a public hearing in February, where most respondents supported expanding the list.
Previously, the SEC’s approved list included Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and cryptocurrencies used in the Bank of Thailand’s Programmable Payment Sandbox.
Featured image credit: Edited from Freepik
