Tether's USDT has received official approval from Thailand's Securities and Exchange Commission (SEC), marking a significant milestone for the stablecoin in the Southeast Asian market.
A regulatory framework for the cryptocurrency market
Frog-themed cryptocurrency Pepe has seen a huge dip in price, falling about 79% from its all-time high of $0.00002825 set in early December 2024. This downturn has been compounded by the emergence of a "death cross" pattern, a technical indicator that signals bearish momentum.
Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether's reserves.
The Thailand Securities and Exchange Commission has approved USDT and USDC for trading on regulated exchanges.
The country's SEC has officially approved Tether's USDt and Circle's USDC for trading on regulated exchanges. This move is part of a broader effort to embrace digital assets while keeping a firm grip on regulation.
Thailand's Securities and Exchange Commission (SEC) has officially approved Tether's USDT and Circle's USDC stablecoins for trading on regulated exchanges.
Thailand's Securities and Exchange Commission has officially approved Tether's USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia.
Thailands Securities and Exchange Commission (SEC) has expanded its list of approved cryptocurrencies, adding the two largest stablecoins, Tether (USDT) and Circle (USDC), as trading pairs on regulated digital asset exchanges. The decision follows a public consultation in February, where most respondents supported the move.
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3.5 trillion in November to $2.58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
Thailand's SEC announced top stablecoins USDT and USDC as official cryptocurrencies for various uses. Thailand citizens can start USDT and USDC trading and payments from March 16, 2025.
PEPE could see a bounce back in the market.
Thailand has added two dollar-backed stablecoins to its list of regulated cryptocurrencies as global stablecoin adoption gains steam.
On-chain data from Lookonchain revealed that USDT and USDC Stablecoins on Ethereum increased by $1.3 billion. The analytic firm also noted that USDT and USDC Stablecoins on Hyperliquid decreased by $77 million.
Thailand's SEC approved USDT for trading and payments on regulated exchanges, effective March 16, 2025, fostering digital asset innovation with a robust regulatory framework. The post Thailand SEC Approves USDT for Trading and Payments on Regulated Exchanges appeared first on Cryptonews.
Thailand's Securities and Exchange Commission (SEC) has given the nod to Tether's USDT to operate in the country. The move will see USDT granted legal approval in the Southeast Asian country as it seeks global regulatory compliance.
Thailand Securities and Exchange Commission (SEC) has designated Tether stablecoin USDT as an approved cryptocurrency. The stablecoin issuer announced this on March 10, noting that it will boost USDT use in the country.
Thailand's financial regulator, the Securities and Exchange Commission (SEC), has expanded its list of approved cryptocurrencies. The country has now allowed the use of Tether (USDT) and Circle's USD Coin (USDC) on licensed digital asset exchanges. This decision follows a growing demand for stablecoins in crypto trading and payments worldwide.
The Thailand Securities and Exchange Commission (SEC) has approved Tether's USDt (USDT) and Circle's USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across the country.Thailand's SEC announced the approvals last week after soliciting feedback from the public on proposed regulatory changes that were finalized in February and scheduled to go into effect on March 16. As Cointelegraph previously reported, there have been growing calls within Thailand to legitimize cryptocurrency usage and urge stablecoin adoption to boost domestic revenue.
Several major financial institutions are gearing up to launch their own stablecoins as they eye the lucrative cross-border payments market.
The Thai Securities and Exchange Commission (SEC) has approved the use of the largest two stablecoin assets, Tether (USDT) and Circle's USD Coin (USDC), in digital asset transactions.
Thailand has officially recognized USDT (Tether) as a regulated cryptocurrency, and it can also be used for payments.
Thailand's Securities and Exchange Commission has approved Tether's USDT as a recognized cryptocurrency, allowing its trade on regulated exchanges.
Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM) and certain tokens used in the Bank of Thailand's settlement system were approved.
During the current crypto downtrend, memecoins have been hit hard. Although top-ranking memecoins $DOGE, $SHIB, and $PEPE, still have large market caps, are they on a trajectory to zero, or can a renewal of the bull market still send them to higher highs?
USDC's dominance on Binance continues to rise, challenging Tether's market position amid shifting regulatory frameworks in the European Union.
Lacking a strong support base, PEPE faces the risk of an extended breakdown.
With PEPE coin prices sinking and selling pressure intensifying, investors are questioning whether the meme coin can survive.
PEPE has continued its downward trajectory, hitting a six-month low of $0.00000670. The meme coin's sustained losses have significantly eroded investor confidence, leading even uncertain holders to pull back.
XRP is currently trading at $2.34 with a market capitalization of $135.76 billion, placing it in fourth position behind tether (USDT) at $142 billion, while its 24-hour global trade volume stands at $6.07 billion within an intraday price range of $2.31 to $2.55, reflecting a decline of 31.3% from its all-time high.
Cambodia's central bank revokes Huione Pay's license over regulatory violations amid accusations of facilitating illicit transactions.
With major shifts in the crypto space, some meme coins are proving they have staying power, while others quickly fizzle out. The recent rise and fall of projects like the Trump meme coin and Argentina's Libra token have shown that market trends can be unpredictable.
Frog-themed cryptocurrency PEPE has been trending downward since reaching an all-time high of $0.00002825 in early December 2024. Taken from this high, PEPE is down nearly 75%.
The FBI has offered up to $10 million for the capture of ex-Olympian who used USDT for alleged drug- and murder-related payments and money laundering. The post FBI Offers $10M for Capture of Ex-Olympian Who Used USDT for Alleged Criminal Activity appeared first on Cryptonews.
Tether froze $28 million in USDT on Russian crypto exchange Garantex, forcing it to shut down operations following EU sanctions and amid increased scrutiny of platforms linked to financial crime.
If convicted, former Olympian Ryan Wedding faces life in prison for allegedly running a transnational drug syndicate that leveraged USDT.
Pepe Coin's price is recovering, but key resistance at $0.675 could determine its next move. Break through or rejection?
Sanctioned Russian crypto exchange Garantex is announcing the suspension of its operations after Tether blocked its platform's wallets. In a new Telegram announcement on Thursday, the Russian exchange says that Tether has blocked Garantex's wallets, which contained over 2.5 billion rubles, about $28 million. “Dear users! We have bad news.
Pepe price remains in a deep bear market after plunging more than 75% from its all-time high of $0.000028. Pepe (PEPE) dropped to $0.000071, mirroring the performance of most meme coins, which have crashed over the past few days.
While meme coins like PEPE have gained attention for their rapid price swings, many investors are shifting focus toward projects with real financial utility. Mutuum Finance (MUTM) is emerging as a strong alternative, offering a structured lending ecosystem that goes beyond speculation.
Stablecoin operator Tether has revealed that it has frozen $27 million in USDT on the sanctioned Russian crypto exchange, Garantex. The cryptocurrency exchange has also suspended all its trading and withdrawal services.
Russian cryptocurrency exchange Garantex has temporarily suspended all its services after Tether froze $28 million worth of USDT held on the exchange. The announcement came via a Telegram post from Garantex on March 6, 2025, detailing the suspension of all operations, including cryptocurrency withdrawals. The exchange disclosed that Tether's action impacted wallets containing over 2.
Garantex, a Russian crypto exchange under US sanctions, accused Tether of attacking the Russian crypto market.
Tether, the largest stablecoin issuer, has immobilized roughly $28 million in USDT tokens on Garantex, a cryptocurrency platform based in Russia. This measure corresponds with the European Union's sanctions against Garantex, which allege ties to Russian governmental entities and illicit networks, particularly amid Russia's military operations in Ukraine.
Sanctioned crypto exchange Garantex has halted operations following Tether's decision to freeze $27 million worth of USDT on the platform. In a March 6 announcement on Telegram, the exchange confirmed a temporary suspension of crypto trading and withdrawals, citing Tether's decision to freeze its funds.
Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming under EU sanctions.
"Tether has entered the war against the Russian crypto market and blocked our wallets worth over 2.5 billion rubles," Garantex said.
Tether has frozen $27 million worth of USDT USDT linked to the Russian crypto exchange Garantex, which is under international sanctions.