Thailand Regulator Greenlights USDT and USDC for Crypto Trading Pairs
10.03.2025 14:10
Thailand’s Securities and Exchange Commission has expanded its list of approved cryptocurrencies by adding the two largest stablecoins, USDT and USDC, as trading pairs on digital asset exchanges. This regulatory move, effective March 16, comes on the heels of positive public consultation and aligns with global trends where stablecoins play a crucial role in crypto trading and payments. With USDT and USDC now officially accepted, the region is poised to benefit from increased liquidity and trading volumes, although the inherent price stability of these coins means that significant price appreciation is unlikely. The decision reinforces Thailand’s commitment to integrating innovative digital assets while maintaining regulatory oversight. It could also pave the way for wider adoption among institutional investors and enhance the overall credibility of the crypto market in Southeast Asia.
USDT, being a stablecoin, is designed to maintain a 1:1 peg to the US dollar. The regulatory approval in Thailand is expected to increase its utilization and trading volumes in the short term. However, its price is unlikely to rise significantly due to its pegged nature, even as it gains credibility and institutional acceptance. Long-term effects may include enhanced market liquidity and trust, but the underlying price will remain largely stable.
USDC, like USDT, is a stablecoin pegged to the US dollar and is unlikely to experience a traditional price rise. The approval in Thailand is expected to foster higher adoption and increased use in transactions, reinforcing its market presence. In the short term, trading volumes and market liquidity are anticipated to improve, while long-term benefits may emerge in the form of enhanced trust from institutional players, though the coin’s value will essentially remain stable.
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