Demex Daily #366: Thailand Approves USDT and USDC

What’s Interesting Today:

Thailand’s SEC has approved USDT and USDC for trading on crypto exchanges, signaling growing stablecoin adoption. The stablecoin market has expanded to $227 billion, with increasing use in cross-border trades and remittances. Thailand aims to become a digital asset hub, launching initiatives like the "Phuket sandbox" for crypto payments. Other nations, including El Salvador and the U.S., are also advancing stablecoin regulations.

Movement Network has launched its Public Mainnet Beta, bringing the Move programming language to Ethereum via a Layer 2 solution. The launch includes Movement Cornucopia, a $223 million liquidity initiative to boost DeFi adoption. Originally developed for Meta’s Diem project, Move offers better security, performance, and modern features compared to Solidity. The network integrates a cross-chain bridge via LayerZero and partners with key DeFi and gaming projects. While no official airdrop is confirmed, speculation remains high.