Gold

<p><a href="https://x.com/Tether" rel="noopener noreferrer nofollow">@Tether</a> and Fasset have jointly launched what they describe as the world's first gold-backed neobanking Visa card, a product designed to turn tokenized gold into a practical spending and savings tool for everyday consumers.</p>
<h2 id="how-the-card-works">How the Card Works</h2>
<p>The card runs on Visa's global network, meaning it is accepted at any merchant location that supports Visa payments worldwide. At the point of sale, settlement happens in seconds through a multi-layer conversion: <a href="https://x.com/search?q=%24XAUT&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XAUT</a> is converted to <a href="https://x.com/search?q=%24USDT&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDT</a>, which is then exchanged for local fiat currency, making the process seamless for users who may never interact directly with the underlying crypto mechanics.</p>
<p>On the rewards side, eligible transactions earn cardholders up to 6% cashback in $XAUT, deposited directly into their Fasset wallet in real time. The card also includes an automated round-up feature that rounds each purchase to the nearest dollar and auto-invests the spare change into $XAUT, enabling passive gold accumulation through ordinary spending. To support the rewards ecosystem at launch, Tether is committing up to $1 million in $XAUT.</p>
<h2 id="the-strategic-logic">The Strategic Logic</h2>
<p>The partnership brings together Tether's liquidity and asset issuance capabilities with Fasset's distribution network across Asia and Africa. Fasset processes $32 billion in annualized volume, with 95% tied to real-world assets, and holds regulatory approvals across multiple jurisdictions including the UAE, Indonesia, Malaysia, and the EU. That off-ramp infrastructure is central to making a gold-backed card practical in markets where banking access can be uneven.</p>
<p>The tokenized gold market has grown to a total market cap exceeding $5.3 billion, with $XAUT alone accounting for more than $2.6 billion of that figure. The card launch gives $XAUT a direct utility layer, pushing tokenized gold beyond its traditional buy-and-hold use case and into everyday financial activity, particularly in emerging markets where demand for stable, asset-backed financial tools continues to rise.</p>
<p><strong>Sources:</strong><br><a href="https://tether.io/news/tether-collaborates-with-fasset-to-launch-the-first-gold-backed-card-unlocking-real-world-utility-for-digital-gold/" rel="noopener noreferrer nofollow">Tether Official Announcement: First Gold-Backed Card Launch</a><br><a href="https://www.finextra.com/newsarticle/47645/tether-and-fasset-launch-gold-backed-visa-card" rel="noopener noreferrer nofollow">Finextra: Tether and Fasset Launch Gold-Backed Visa Card</a><br><a href="https://cryptobriefing.com/tether-partners-fasset-let-users-spend-earn-tokenized-gold-visa-network/" rel="noopener noreferrer nofollow">Crypto Briefing: Tether Partners with Fasset for Tokenized Gold Visa Card</a></p>

Tether Powers World's First Gold-Backed Visa Card

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