Report: Thailand Puts USDT Under Watch as Stablecoins Enter Grey Money Dragnet

TL;DR:

The Bank of Thailand has reportedly moved to place tether ( USDT) under its monitoring framework as part of a broader campaign against grey money, after identifying that a large share of stablecoin activity on local platforms is linked to foreign participants, according to a Tuesday report by The Na...

Key Points:

Background:

Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

Why It Matters:

This development could influence ETH price action and market sentiment in the near term.