Thailand's Securities and Exchange Commission (SEC) has expanded its list of approved cryptocurrencies by including USDC and USDT. This change increases the variety of digital currencies for ICO participation and exchanges.
Cryptocurrency List Update
Starting on March 16, 2025, the new rules will allow USDC and USDT for ICO investments and exchanges. Previously, only Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and some others were accepted. The decision followed public consultations in February 2025.
Public Reaction and Feedback
Public consultations showed support for the changes, as many see stablecoins like USDC and USDT as vital components of the digital asset sector. The addition of these coins will provide greater flexibility for investors and businesses.
Market Impact and Regulation
The SEC's new policy is part of a broader strategy to regulate digital assets. Adding stablecoins aims to increase stability and trust in digital token investments. It will also allow exchanges to simplify cryptocurrency operations and attract more market participants.
The inclusion of USDC and USDT strengthens Thailand's position as an active player in the digital asset market and reflects global trends in recognizing the importance of stablecoins.
