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03/06/26 11:13 UTC-04

Tether to Launch the World’s First Visa Card Offering Cashback in Gold-Backed Stablecoin XAUT

  • Tether is launching a Visa card that offers cashback in the gold-backed stablecoin XAUT.
  • The initiative has been made possible through a partnership with Fasset.
  • The collaboration aims to transform gold into a practical payment instrument.

Tether announced the launch of the world’s first neobank Visa card linked to tokenized gold, XAUT (Tether Gold). The project is being developed in partnership with the digital banking and investment platform Fasset.

Tether Collaborates with Fasset to Launch the First Gold-Backed Card, Unlocking Real-World Utility for Digital Gold
Learn more: https://t.co/Qdp5GxGQhk

— Tether (@tether) June 3, 2026

Users will be able to make payments through the Visa network, earn up to 6% cashback in XAUT, and automatically accumulate digital gold through everyday spending. The launch could represent a major step toward broader adoption of tokenized gold and its integration into mainstream payment services.

To process payments, assets will be automatically converted from XAUT to USDT and then into fiat currency at the moment of the transaction.

Tether stated that it will allocate up to $1 million worth of XAUT to support the rewards ecosystem.

“Historically, gold has served as a store of value rather than a medium of exchange. This initiative changes that narrative. By partnering with systems that make digital assets practical and accessible on a global scale, we are expanding the utility of our ecosystem,” said Tether CEO Paolo Ardoino.

According to Ardoino, the project connects stablecoins and tokenized gold with real-world payment systems, enabling users to hold and spend gold freely without geographic limitations.

Focus on Emerging Markets

Fasset provides access to multi-currency accounts, money transfers, debit cards, and investment products. The company operates extensively across Asia and Africa and is one of the region’s leading providers of digital asset-to-fiat conversion services.

Fasset co-founder and CEO Mohammad Raafi Hossain believes the partnership will accelerate the adoption of digital gold.

“With an annual transaction volume of $32 billion and the world’s first gold-backed payment card, Fasset is building the infrastructure needed to make Tether Gold the most widely used digital gold token across emerging markets,” he said.

According to the company, the market capitalization of the tokenized gold sector has already exceeded $5.3 billion.

Tether believes that combining its global liquidity with Fasset’s distribution network will accelerate the adoption of gold-backed assets, particularly in regions where local currencies experience high volatility.

See also: "Companies Managing Bitcoin Reserves Face a Choice: Borrow or Sell"

#Tether #Visa

Editor: Alyona Nabok
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