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NewsBriefs - Thailand SEC approves Tether USD₮ as an accepted cryptocurrency

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  • Tether

    Thailand SEC approves Tether USD₮ as an accepted cryptocurrency

    Thailand's Securities and Exchange Commission has approved Tether's USD₮ as a recognized cryptocurrency, enabling its trade on regulated exchanges and use in payments, reflecting the country's progressive stance on digital asset innovation. This approval, effective from March 16, 2025, aligns with Thailand's updated digital asset regulations aimed at enhancing industry flexibility and investor choice. The recognition of USD₮, a globally leading stablecoin with a $142 billion market cap, marks a significant advancement in the integration of stablecoins into Thailand's financial landscape.

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    • PRNewswire

      REX-Osprey files for first Movement ETF in the US

      Movement Network Foundation announced the filing of a new ETF by REX-Osprey focused on the $MOVE token, marking the first of its kind to offer exposure to the Movement ecosystem through traditional financial channels. Concurrently, the Foundation has successfully launched its Public Mainnet Beta, achieving a Total Value Locked of $250M at launch. The ETF aims to provide traditional investors with regulated access to Movement, leveraging the Move programming language for more secure, efficient smart contracts.

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      PRNewswire

    • Tether

      Thailand SEC approves Tether USD₮ as an accepted cryptocurrency

      Thailand's Securities and Exchange Commission has approved Tether's USD₮ as a recognized cryptocurrency, enabling its trade on regulated exchanges and use in payments, reflecting the country's progressive stance on digital asset innovation. This approval, effective from March 16, 2025, aligns with Thailand's updated digital asset regulations aimed at enhancing industry flexibility and investor choice. The recognition of USD₮, a globally leading stablecoin with a $142 billion market cap, marks a significant advancement in the integration of stablecoins into Thailand's financial landscape.

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      Tether

    • BBVA

      Spain's major bank BBVA to offer Bitcoin, Ether trading and custody services

      BBVA has received authorization from the Spanish Securities and Exchange Commission to provide Bitcoin and Ether trading and custody services in Spain. The service, set to be launched initially for a select group of users and later expanded to all private customers, is in compliance with the Markets in Cryptoassets Regulation. BBVA's platform allows customers to manage their crypto transactions through its app alongside traditional banking activities. This service, which does not include advisory support, leverages BBVA's own cryptographic key custody platform.

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      BBVA

    • Bitcoin Sistemi

      White House official X account promotes Bitcoin as US superpower

      A post on the White House's official X account declared America as the world's Bitcoin superpower and featured US President Donald Trump signing the Bitcoin Strategic Reserve Executive Order. This Bitcoin-endorsing post, along with a photograph including cryptocurrency and artificial intelligence chief David Sacks, sparked criticism from economist Peter Schiff, who questioned the appropriateness of using presidential office resources for promoting crypto interests.

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      Bitcoin Sistemi

    • The Block

      President Trump pushes for stablecoin bills before August and aims to end crypto debanking

      President Donald Trump aims to have stablecoin legislation on his desk by August, as expressed at the first White House crypto summit. The summit involved key players from the crypto industry and government officials. Trump also plans to end Operation Choke Point 2.0, which has affected crypto companies' banking capabilities in the US. Additionally, Trump signed an executive order establishing a strategic bitcoin reserve funded by seized assets, addressing initiatives for a digital asset stockpile which does not involve additional crypto purchases by the government.

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      The Block

    • Bloomberg

      Nasdaq announces plans for 24-hour trading in 2026

      Nasdaq is set to introduce 24-hour trading on its equities exchange by the second half of 2026, pending necessary regulatory approvals and industry alignment. This move aims to cater to growing global demand for US stocks and follows similar initiatives by other exchanges like Cboe and the New York Stock Exchange. Despite concerns about increased volatility and transaction costs due to extended hours, Nasdaq plans to collaborate with industry participants to address these challenges and improve investor confidence in US capital markets.

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      Bloomberg

    • The Block

      Senator Elizabeth Warren demands public disclosures from David Sacks amid crypto policy development

      Senator Elizabeth Warren requested David Sacks, assigned as President Trump's crypto chief, to publicly reveal any financial disclosures filed with the government to address potential conflicts of interest. This comes in light of recent orders by Trump to establish a US Strategic Bitcoin Reserve and to start establishing crypto policies potentially impacting the market. Concerns revolve around selectively inflating crypto values and lax enforcement on crypto regulations. Sacks has denied holding significant indirect crypto assets and confirmed selling all his cryptocurrency investments, citing his commitment to transparency amidst ongoing official ethics review.

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      The Block

    • White House

      President Trump establishes the Strategic Bitcoin Reserve and US Digital Asset Stockpile

      President Donald J. Trump signed an Executive Order to create a Strategic Bitcoin Reserve and a US Digital Asset Stockpile, aiming to position the US as a leader in governmental crypto strategy. This reserve will treat bitcoin as a reserve asset and retain bitcoins from forfeiture proceedings, without selling them. Additional bitcoin acquisitions will occur without extra taxpayer costs. The US Digital Asset Stockpile will hold other digital assets obtained through forfeiture, with the Treasury having authority over potential sales. This action centralizes the management of seized crypto assets, aiming for enhanced national wealth and protection.

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    • The Block

      Coinbase exec says Trump's Strategic Bitcoin Reserve could remove about $18 billion of sell-side pressure

      A Coinbase executive claimed that the recently signed executive order by US President Donald Trump to establish a Strategic Bitcoin Reserve will alleviate significant sell-side pressure by offloading approximately $18 billion worth of Bitcoin from potential market sales. This plan involves utilizing Bitcoin previously seized by the federal government, ensuring these crypto assets are stored securely, akin to a digital Fort Knox, rather than sold on the open market.

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      The Block

    • YZi Labs

      YZi Labs invests in Tensorplex Labs to accelerate decentralized AI development

      YZi Labs has invested in Tensorplex Labs to boost advancements in decentralized AI. Tensorplex, focused on integrating AI with blockchain, is expanding its capabilities in AI model training, infrastructure, and tools such as Tensorplex Dojo and Backprop Finance. This strategic investment will help Tensorplex scale its operations, accelerate R&D, and enhance the collaboration between humans and AI, aiming to democratize AI technology.

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    • Serpro

      Cardano Foundation partners with Brazil's largest public IT firm to boost blockchain education

      Serpro, Brazil's largest public IT company, has entered into a Technical Cooperation Agreement with the Cardano Foundation to train its employees in blockchain technology. This partnership aims to increase the adoption of blockchain within the Brazilian public sector to enhance efficiency, strengthen fraud prevention, and integrate the technology into government services. The collaboration includes access to the Cardano Academy and initiatives for innovation and applied blockchain research.

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    • The Block

      Sam Altman's World project adds chat and crypto payments

      Sam Altman's World project, also known as World App, has introduced chat and crypto payment functionalities, enhancing its super app features and user verification system. With these additions, users can verify their interactions with authentic individuals through a unique World ID. Facilitated by the World App's integrated wallet, these features allow seamless crypto transactions akin to sending multimedia. The platform currently boasts over 24 million users, including more than 11 million verified as genuine humans.

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      The Block

    • The Block

      Bitwise to offer DeFi investment opportunities to institutional clients

      Bitwise, a cryptocurrency index fund manager, has partnered with Maple Finance to offer its institutional clients access to compliant, onchain credit and DeFi investment opportunities. This partnership represents a significant shift as institutional investors increasingly explore onchain credit options tailored to their risk profiles, expanding beyond traditional fixed-income products. The collaboration aims to provide structured, transparent, and yield-generating opportunities as part of a wider trend of capital inflow to digital assets.

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      The Block

    • The Block

      Trump-backed World Liberty Financial boosts crypto holdings with $21.5 million in ETH, WBTC, and MOVE

      World Liberty Financial, a decentralized finance entity with ties to President Donald Trump, has expanded its crypto holdings ahead of the White House Crypto Summit. The venture acquired significant amounts of ether, Wrapped Bitcoin (WBTC), and MOVE, totaling approximately $21.5 million. This strategic move comes as the summit is set to discuss the future of crypto regulation and the establishment of a US strategic crypto reserve.

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      The Block

    • CoinDesk

      Texas moves forward with plan to add Bitcoin to public fund investments

      Texas has taken a significant step by passing the SB 21 bill, which allows the state to invest public funds in digital assets like Bitcoin. This move positions Texas as a leader among various US states exploring similar investments, influenced by President Trump's push for a national strategic crypto reserve. Other states, like New Hampshire, are also progressing with legislation to invest in digital assets.

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      CoinDesk