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.

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'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.

USDC's dominance on Binance continues to rise, challenging Tether's market position amid shifting regulatory frameworks in the European Union.

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.

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.

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.

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.

Tether has recently made a significant decision that has shaken the cryptocurrency market in Russia.

Sanctioned crypto exchange Garantex has shut down its services shortly after Tether froze nearly 2.5 billion in worth of USDT in Russian rubles.

Crypto exchange Garantex has halted all trading and withdrawals after Tether froze almost $28 million of its stablecoin USDT tied to the platform.

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

Tethers longtime CFO, Giancarlo Devasini, has stepped down and now serves as chairman, maintaining a low profile in Lugano, Switzerland. In contrast, Circle founder Jeremy Allaire actively engages with politicians and Wall Street executives, highlighting the ideological and business rivalry between the two stablecoin giants.

A WSJ article delved into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire.

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap.

The European Securities and Markets Authority (ESMA) confirms custody and transfers of stablecoins are not restricted under MiCA. Crypto asset service providers of Europe must restrict offering stablecoin acquisition services.

Despite delistings, ESMA clarifies that custody and transfers of non-MiCA compliant stablecoins are not explicitly prohibited.

As Europe prepares for a heavy enforcement of the Markets in Crypto Assets (MiCA) law, crypto exchanges are moving to ensure compliance. Binance, the biggest crypto exchange by market cap, has announced plans to delist stablecoins for European users.

The ESMA has clarified that the custody and transfers of stablecoins, such as USDT (Tether), are not restricted by the MiCA regulation.

Tether has appointed Simon McWilliams as its new Chief Financial Officer (CFO) to lead its efforts toward a full financial audit, reinforcing its commitment to transparency. The move comes as Tether expands its institutional reach.

The European Securities and Markets Authority confirmed that MiCA rules do not explicitly ban non-compliant stablecoin custody and transfers.

In two X posts published on March 2 and March 3, respectively, Tether CEO Paolo Ardonio shared his plan for solving the electricity hunger in Africa.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

TRON (TRX) has emerged as a dominant force in the world of stablecoin transfers, processing a staggering $11.4 billion in USDT (Tether) transactions. Recent data from CryptoQuant reveals that the blockchain has processed 1.89 million transactions, accounting for a significant portion of stablecoin activity in the market.

The new service is expected to rollout in June.

Top global crypto exchange Binance is delisting Tether's USDT and other stablecoins for European customers because the digital assets are not compliant with new regulations in those countries.

TRON dominates USDT transfers with $11.4B in inflows—will this trigger the next big market move?

TRON-based USDT increased its activity, and still expecting the launch of the no-fee feature. The token turned Binance into one of its biggest holders.