Gold

digital gold

<ul>
 <li>Tether’s Visa-linked card converts XAUT to USDT and fiat at checkout, enabling everyday spending backed by tokenized gold.</li>
 <li>Users earn up to 6% cashback in XAUT plus automated round-ups that increase gold accumulation through purchases.</li>
 <li>The system targets emerging markets, leveraging Fasset infrastructure and growing $5.3B tokenized gold ecosystem.</li>
</ul>
<p>Tether and Fasset <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">introduced</a> the world’s first gold-backed neobanking Visa card, linked to tokenized gold XAUT. The launch took place through a joint rollout targeting global users across Asia and Africa, with Visa as the payment rail. According to Tether CEO Paolo Ardoino and Fasset CEO Mohammad Raafi Hossain, the initiative combines digital gold, stablecoins, and everyday payments in one system.</p>
<h2 class="wp-block-heading" id="strong-visa-based-gold-spending-model-strong"><strong>Visa-Based Gold Spending Model</strong></h2>
<p>Tether and Fasset structured the card to operate on the <a href="https://cryptofrontnews.com/visa-expands-stablecoin-pilot-to-nine-blockchain-networks/" rel="noopener noreferrer nofollow">Visa</a> network for global acceptance. Users can spend fiat at Visa-supported merchants worldwide using digital gold conversion.</p>
<p>The system converts XAUT into USDT and then into fiat at transaction time. Additionally, users receive up to 6% cashback in XAUT on eligible purchases.</p>
<p>Moreover, the card includes an automatic round-up feature. Spare change from transactions purchases additional XAUT for users. This builds continuous gold accumulation through daily spending activity.</p>
<h2 class="wp-block-heading" id="strong-infrastructure-and-wallet-integration-strong"><strong>Infrastructure and Wallet Integration</strong></h2>
<p>Fasset provides the wallet and settlement infrastructure supporting the card system. The platform offers multi-currency accounts, instant transfers, and global debit card access.</p>
<p>It also supports investments across crypto, stocks, funds, and commodities without interest charges. Notably, Fasset operates across Asia and Africa with fiat off-ramp services.</p>
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<p>The system converts <a href="https://cryptofrontnews.com/tether-adds-6-tons-of-gold-with-reserves-hitting-132-tons-after-q1-buying/" rel="noopener noreferrer nofollow">USDT</a> into local currencies for spending and settlements. XAUT cashback flows directly into user wallets in real time through integrated infrastructure.</p>
<h2 class="wp-block-heading" id="strong-tokenized-gold-market-expansion-strong"><strong>Tokenized Gold Market Expansion</strong></h2>
<p>The <a href="https://cryptofrontnews.com/tether-gold-surpasses-4b-in-gold-backed-stablecoins/" rel="noopener noreferrer nofollow">tokenized gold</a> market currently exceeds $5.3 billion in total capitalization. XAUT accounts for more than $2.6 billion of that value.</p>
<p>Tether committed up to $1 million in XAUT to support card-based reward distribution. The allocation supports cashback issuance and user reward flows within the system.</p>
<p>Additionally, Fasset reported $32 billion in annualized transaction volume, with 95% linked to real-world assets. The companies positioned the card within expanding demand for asset-backed digital payment systems across emerging markets.</p>
<p>The post <a href="https://cryptofrontnews.com/tether-and-fasset-launch-gold-backed-visa-card/" rel="noopener noreferrer nofollow">Tether and Fasset Launch Gold-Backed Visa Card</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Tether and Fasset Launch Gold-Backed Visa Card

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