In a move that’s sure to shake up the world of cryptocurrency, Thailand’s Securities and Exchange Commission has given Tether’s USDT the official nod of approval. This means that the stablecoin can now be traded on regulated exchanges within the Land of Smiles.
According to a press release from Tether, this approval comes as part of updated digital asset regulations that are set to take effect on March 16. With this decision, USDT now has access to one of Asia’s largest markets, as Thailand ranks among the top 20 globally in terms of crypto adoption.
Tether’s chief executive, Paolo Ardoino, welcomed the decision with open arms, stating that the company’s priority is to “provide users in Thailand with a secure, transparent, and reliable stablecoin experience.”
“We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the country’s digital asset ecosystem by fostering a strong and sustainable stablecoin infrastructure.”
Paolo Ardoino
This approval comes hot on the heels of Tether hiring a new chief financial officer, Simon McWilliams, to address lingering audit concerns. McWilliams aims to drive the company towards a full financial audit, which could help to address ongoing scrutiny over Tether’s operations, particularly regarding the absence of a comprehensive audit.
//example.com/image.jpg” alt=”A stablecoin dancing on a beach with a Thai umbrella”>
Read More
- Nadaaniyan song Galatfehmi OUT: Ibrahim Ali Khan, Khushi Kapoor’s heartbreaking separation in love will leave you emotional
- Pop-Tarts and Krispy Kreme Kick Off 2025 With Collaborative Menu
- Cookie Run Kingdom Town Square Vault password
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- The First Trailer for The Weeknd’s ‘Hurry Up Tomorrow’ Film Is Here
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- JJJJound’s Made in Germany adidas Superstars Drop This Week
- Lars Eidinger on Berlin Opener ‘The Light’: “We, the Privileged Wealthy, Are the Problem”
- Ryan Gosling’s Star Wars Movie Here’s Everything We Know
- ‘The Last of Us’ Gets Season 2 Premiere Date
2025-03-10 16:16