The global usage of Tether stablecoin expands as it experiences unprecedented commercial and regulatory developments indicating increased adoption.
The Securities and Exchange Commission of Thailand plans to recognize Tether’s USDT as a cryptocurrency starting from March 16, 2025. As this license allows the USDT transactions of authorized Thai exchanges for selling and purchasing, the growth of digital assets in Thailand will be revolutionized.
Thailand will now adopt stablecoins as a digital payment system for crypto trading and cross-border payments as they now have a definite legal status.
The cryptocurrency trading volumes in Thailand show USDT as the dominant player with approximately 40% market share.
The company Coinbase took steps to remove USDT from its European platform because of upcoming MiCA regulations and related regulatory uncertainties.
Market analysts project USDT to reach $1.1 value by 2025 according to their predictions but some experts anticipate slight price decreases. This recent action shows the marketplaces increasing both their confidence in stablecoin stability and usefulness.
Through its main transformation Tether creates a chance for cryptocurrency adoption growth through enhanced regulatory backing and enhanced on-chain capabilities.
How will Tether’s regulatory recognition affect the future of stablecoins and world-wide acceptance of cryptocurrencies?
submitted by /u/Significant_Wave_634
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