By Adedapo Adesanya

Thailand’s Securities and Exchange Commission (SEC) has approved the use of Tether’s stablecoin, USDT, as a currency.

According to a statement on Monday, the approval enables USDT to be traded within the country, facilitating its listing on regulated exchanges and paving the way for USDT to be accepted for payments, which advances the region’s leadership in digital asset innovation.

The updated regulations aim to enhance flexibility in digital asset businesses and will take effect on March 16, 2025.

This comes after the Thailand regulator sought public feedback on these changes, which were finalized in February 2025 with widespread industry support.

“The regulator’s recognition of USDT as an approved cryptocurrency marks a pivotal moment in the evolution of digital assets in the region and represents a major step toward clarifying and enhancing Thailand’s regulatory framework.

“This will provide investors with greater flexibility and choice while fostering a more dynamic and resilient industry. By enabling the seamless integration of USDT, the decision supports the diversification and modernization of Thailand’s financial landscape,” the statement added.

Thailand is one of the friendliest jurisdictions for digital assets in recent years and ranks among the top 20 countries globally in terms of adoption.

USDT accounts for around 40 per cent of volumes.

Tether’s USDT with a market cap of $142 billion, is the world’s most widely used stablecoin, providing a trusted, efficient bridge between traditional fiat systems and digital economies.

Speaking on the development, Mr Paolo Ardoino, CEO of Tether, said it will continue to boost its services and offerings in more friendly markets.

“We highly value the Thai market and are continuously exploring ways to enhance our services and offerings. Our priority is to provide users in Thailand with a secure, transparent, and reliable stablecoin experience.

“We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the country’s digital asset ecosystem by fostering a strong and sustainable stablecoin infrastructure.”

Thailand’s forward-thinking approach to digital asset regulation sets a global benchmark, and Tether is proud to see USDT play a pivotal role in driving economic progress and digital transformation in the region.

Tether added that this approval confirms its dedication to building bridges between traditional and decentralized economies while ensuring security, trust, and efficiency for users worldwide.

“Thailand’s forward-looking stance on stablecoins is reflected in its vibrant, Thai baht-backed digital asset market,” it added.

By Modupe Gbadeyanka

The Naira-for-crude deal with the Dangote Refinery and other local refineries has been suspended by the Nigeria National Petroleum Company (NNPC) Limited, TheCable is reporting.

The agreement, approved by President Bola Tinubu, officially commenced on October 1, 2024, after Mr Aliko Dangote expressed frustration at efforts to starve him of crude oil.

He had claimed that the NNPC was requesting to sell the commodity, which Nigeria has in abundance, in foreign currencies, especially in USD (Dollar).

Mr Tinubu later intervened, directing the NNPC to sell crude oil to him and other local refiners in the country’s currency, the Naira.

In the past few weeks, Dangote Refinery and the NNPC have engaged in a silent price war as regards the pump price of Premium Motor Spirit (PMS), otherwise known as petrol.

The private refiner has slashed its ex-depot price to N825, with its retail partners selling to customers at N860 per litre.

The state-owned oil agency, the NNPC, has been forced to bring down the price of the product at its retail stations at N860 per litre to remain in business.

In its report, it was stated that the NNPC has informed domestic refiners that it has forward-sold all its crude until 2030 despite witnessing improvement in output.

It was disclosed that the NNPC and Dangote Refinery declined to comment on this development when contacted.

It is believed that the purported suspension of the Naira-for-crude deal could lead to a hike in petrol price in the country in the coming weeks.

The one win app is attracting more and more users among Nigerians as it has really cool features for Bettors: local events, optimized paying procedure, attractive odds, and range of sports to bet on. The bookmaker, licensed by the government of Curaçao has support for the Nigerian Naira (NGN) and localized payment methods, making it one of the best for online betting in Nigeria. Install the app and get the rush of adrenaline from your winnings.

Modern Interface for Your Convenience

Users note that the design of the 1win app is focused on simplicity and functionality. The developers paid special attention to making the interface intuitive even for beginners, at the same time, they offer high functionality for experienced players. We have noticed the following interface peculiarities:

• Intuitive navigation. The application is divided into logical sections – “Betting”, “Casino”, “Bonuses”, “My bets” – which allows you to instantly find the information you need;
• Adaptability. The use of HTML5 ensures flawless operation of the application both on Android devices and tablets, which is especially important for regions with unstable internet;
• Fast loading. Modern technologies minimize delays, which is confirmed by positive feedback from users;
• Interface personalization: The ability to customize favorites and receive personal notifications makes working with the application even more convenient;
• Aesthetic minimalism. Modern visual style allows you to focus on the essence and functionality, without unnecessary distracting elements.

Local Currency Support and Safe Payment Methods

The key reason for 1win app popularity in Nigeria is the localisation of the payment transactions. The application supports the Nigerian Naira, which allows players to conduct transactions without any currency conversion fees. This greatly simplifies deposits and withdrawing of winnings. You will appreciate these benefits of localization for Nigerian users:

• Payments in local currency. All financial transactions are conducted in local currency, eliminating the need for complex conversions;
• Integration of local payment systems. In addition to Visa and MasterCard, 1win actively works with local services such as Quickteller, Paga and other wallets popular in Nigeria;
• Minimal fees. Local customization allows you to reduce transaction costs, which is confirmed by players’ feedback;
• Fast payment processing. Users note the promptness of deposits and withdrawals, which is an important trust factor;
• Transparency of settlements. Detailed information about commissions and terms of transactions is available directly in the application.

Great Choice of Betting Options and Other Services

1win offers over 5000 games from global leaders like NetEnt, Microgaming, Pragmatic Play, and others, as well as extensive sports betting opportunities. This makes the platform a versatile solution for gambling enthusiasts. Main content directions:

• The platform covers popular sports disciplines including soccer, basketball, tennis, boxing and even local championships such as the Nigerian Professional Football League;
• Exclusive tournaments. Regular promotions and tournaments allow players to compete for large prize pools, making betting even more exciting;
• Live broadcasts. The ability to watch sporting events in real time and place bets during the game provides an additional advantage for fans of dynamic matches;
• Interactive analytical tools. Detailed statistics and analytics help players make informed decisions when choosing bets.

What are Additional Features of 1win Betting App

1win team has developed some additional functions which make the gaming process even more comfortable and personalized for Nigerian users. Here are the features:

• Favorites. Ability to save your favorite games and sporting events for quick access;
• Betting statistics. Detailed financial transaction reports and analytics help you control your budget and make informed decisions;
• Personalized notifications. Timely informing about new promotions and bonuses helps not to miss out on profitable offers;
• Demo mode. The opportunity to test games for free before moving to real bets, which allows you to better understand the mechanics;
• Interactive support. Quick and convenient access to the support service through the built-in chat provides a prompt solution to arising questions.

Conclusion

The 1win software for betting on the go is a complex and technologically  advanced decision. It was specially adapted for Nigerian users’ needs. 1win successfully combines modern design, wide game lobby, generous bonus system, and a high level of security. These features have won the hearts of bettors and maintains its reputation as a leader in this sphere.