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🛑 THAILAND PUTS USDT UNDER SCRUTINY
Bank of Thailand Official Statement
• $USDT accounts for 52% of all digital asset trading in Thailand.
• 40% of $USDT sellers are non-resident foreigners.
Concern:
Selling $USDT for Thai baht could put upward pressure on the baht and bypass the remittance system.
Next Move:
» Thailand is developing a 1:1 baht-backed stablecoin.
» Phase 1: Interbank settlement only.
» Public consultation: Until the end of 2026.
Thailand is tightening oversight on foreign $USDT trading while preparing its own regulated stablecoin.