Thailand’s Securities and Exchange Commission (SEC) has recognized USDT by Tether as a legitimate cryptocurrency, allowing its listing on regulated platforms and use in settlements.

The new rules will take effect on March 16, 2025, aiming to increase business flexibility in the digital asset sector.

The approval followed a public consultation process on the proposed changes.

According to Tether, USDT accounts for around 40% of crypto trading volume in Thailand. The country has become one of the most crypto-friendly jurisdictions and ranks among the top 20 nations globally in terms of digital asset adoption.

Previously, the EU regulator stated that MiCA does not prohibit the storage or transfer of stablecoins like USDT, though local CASPs should primarily limit services facilitating their purchase.

At the end of 2024, Tether reported a record net profit of $13 billion.

In March, the company promised a “full audit” following the appointment of Simon McWilliams as its new CFO.