Thailand has intensified its oversight of USDT trading after discovering that foreign users account for approximately 40% of sellers on local platforms. The Bank of Thailand has begun treating stablecoin transactions with the same scrutiny as cash, gold, and digital wallet transfers, aligning with existing financial monitoring rules. This move is part of a broader strategy to mitigate risks associated with untracked fund flows and grey money. The regulatory shift follows a government directive issued on January 9, which mandates stricter reporting standards for gold trading and digital assets. Trading platforms are now required to implement enhanced identity checks and transaction disclosures. The central bank, along with other agencies, is sharing transaction data to improve oversight and detect irregular activities more efficiently. International concerns over stablecoin misuse have influenced Thailand's policy changes. With USDT being the largest stablecoin, holding over $187 billion, global scrutiny has increased due to its association with illegal crypto transactions. Tether, the issuer of USDT, has responded by freezing wallets linked to sanctions and suspicious activities, highlighting the global regulatory focus on stablecoin activities.