A company that is changing the way the world mines bitcoin

The Coin Rise 2025-03-10 22:15:20

Tether (USDT) Gains Approval In Thailand: Details

Thailand Securities and Exchange Commission (SEC) has officially approved Tether USD₮ as a recognized digital asset. This will make the token available for trading on regulated exchanges. A Major Step for Thailand’s Crypto Framework It is worth noting that the security agency’s decision is part of updated digital asset regulations that will become operational by March 16, 2025. Reports say that these updated regulations intend to create a more flexible and structured environment for crypto businesses in Thailand. This will ensure a balance between innovation and investor protection. In February, it was reported that the agency requested the positions of industry leaders and experts on digital assets before finalizing the new framework. By approving USD₮, Thailand is taking a significant step toward integrating stablecoins into its financial system. The crypto adoption index shows that the nation is one of the most crypto-friendly jurisdictions. In fact, it is among the top 20 globally for adoption. Notably, USD₮ already accounts for around 40% of trading volumes in Thailand, with Tether’s stablecoin having a market cap of $142 billion. This new approval by the government further strengthens its role in bridging traditional finance and digital assets. Tether’s Commitment to Thailand While speaking on this development, Tether CEO Paolo Ardoino, reaffirmed the company’s commitment to the Thai market. He stressed that Tether purpose is clear, to provide users with a secure, transparent, and reliable stablecoin experience. The company also intends to contribute to Thailand’s growing digital asset ecosystem by building a strong and sustainable infrastructure for stablecoins. Thailand’s forward-thinking stance on digital assets makes it a global model for crypto regulation. Unlike regions with uncertain policies, Thailand has taken proactive steps to create a structured and supportive environment for digital finance. Meanwhile, Thailand’s security agency announced plans to launch a trading system for digital tokens last month. Market Trends and Investor Confidence Despite this regulatory breakthrough, market dynamics will be crucial in adopting USD₮. As of this publication, Tether is trading at $1.00, and the trading volume is 113.46% active. In addition, this latest recognition of Tether (USDT), coincides with the firm hiring Simon McWilliams as the new Chief Financial Officer (CFO). The CEO disclosed that McWilliams’ strong background in financial audits was a key reason for his appointment. His appointment will help strengthen investor confidence in Tether’s stability and reliability. The post Tether (USDT) Gains Approval In Thailand: Details appeared first on TheCoinrise.com .

Наиболее читаемые новости

Bitcoin’s Precarious Position: Coinbase Premi...
2025-03-11
Court Finds Man in Contempt for Attempted Bit...
2025-03-11
Axelar Foundation Secures $30 Million in AXL...
2025-03-11
What does the new prime minister-designate of...
2025-03-11
Puerto Rico Resident Defies Bitcoin Seizure O...
2025-03-11
Savvy Move: ARK Invest Doubles Down on Coinba...
2025-03-11
Abandon Hope Of Cardano (ADA) Getting To $7;...
2025-03-11
SEC acknowledges Hedera HBAR ETF filing from...
2025-03-11

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения