Thailand's SEC Adds USD Coin (USDC) and Tether (USDT) to the Cryptocurrencies List

The Securities and Exchange Commission (SEC) of Thailand has added USD Coin (USDC) and Tether (USDT) to the cryptocurrencies list

The Securities and Exchange Commission (SEC) of Thailand has added USD Coin (USDC) and Tether (USDT) to the cryptocurrencies list used for investment in digital tokens through initial coin offerings (ICOs).

The SEC said in a statement on last Thursday that it has revised the criteria for the cryptocurrencies list to be used for investment in digital tokens through initial coin offerings (ICOs) process, for ICO portals to receive from investors or issuers for transactions, and for digital asset exchanges to use as base trading pairs.

These amended regulations will take effect from 16 March 2025.

The SEC has specified the list of eligible cryptocurrencies to be used for investment in digital tokens through ICOs process and as base trading pair against digital asset exchanges.

Currently, there are five listed cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and cryptocurrencies used for testing settlement with Bank of Thailand‘s Programmable Payment Sandbox.

In February 2025, to enhance business flexibility, the SEC conducted a public hearing on a proposed amendment to the list of eligible cryptocurrencies. The majority of the respondents expressed support for the proposed amendment.

The SEC has therefore issued a notification regarding the amendment to the criteria for designating the list of eligible cryptocurrencies to be used for investment in digital token through ICOs process and as base trading pair against digital asset exchanges with two additional cryptocurrencies: USDT and USDC.