- The first gold-backed Visa card in the world, according to Tether and Fasset, allows users to make fiat purchases while accruing Tether Gold (XAUT) incentives.
- The card has automatic round-ups that turn spare change into tokenized gold and offers up to 6% payback in XAUT.
- Wherever Visa is accepted, users can easily convert XAUT to USDT and local currency at the time of sale.
Tether, the issuer of USDT, and Fasset, a digital banking and investment platform, have created what they call the world’s first gold-backed neobanking Visa card, allowing users to spend fiat at merchants globally while earning tokenized gold through rewards and automatic round-ups.
According to the companies, the card aims to meet the growing demand for useful applications of cryptocurrency-based assets, particularly in areas with limited access to reliable financial instruments.
Tether Funds $1M In XAUT Rewards For Card Users
According to the statement, the card functions anywhere Visa is accepted and is part of Visa’s global network. At the time of sale, users can exchange Tether Gold (XAUT) for USDT and then local currency.
On qualifying transactions, the card also pays up to 6% cashback in XAUT. As a result, individuals can make regular purchases while progressively increasing their exposure to digital gold through daily activities.
Users quickly convert XAUT to USDT and subsequently to fiat at the point of sale. Additionally, the card includes an automatic round-up feature that transfers spare change from each transaction into XAUT, allowing regular purchases to accumulate gold passively.
Tether is investing up to $1 million in XAUT at launch to fund the incentives ecosystem.
Tether Aims To Turn Gold Into A Spendable Digital Asset
According to Tether CEO Paolo Ardoino, the project modifies how individuals utilize gold. Gold has always served as a store of value rather than a medium of trade. That narrative is altered by this program, he added.
These kinds of collaborations, he continued, make digital assets more useful in day-to-day living. “We are expanding the utility of our ecosystem by working with systems that make digital assets practical and accessible globally,” stated Ardoino.
The introduction of the card coincides with Tether’s efforts to go beyond stablecoins. The startup launched GELT, a digital currency connected to the Georgian lari, last month in collaboration with the Georgian government. The project’s goals are to lower transaction costs and expedite settlements.
Tether Expands Beyond Stablecoins With Gold & Bitcoin
Tether purchased all of SoftBank’s stock in Twenty One Capital, a company that specializes in Bitcoin. The action, according to the corporation, is in line with its larger plan to expand beyond its primary stablecoin business.
Gold is still a reliable store of wealth in international markets, according to Mohammad Raafi Hossain, CEO and co-founder of Fasset. In our markets, gold has been the most reliable way to hold wealth for more than a millennium. He stated, “We’re bringing it into the digital age.”
According to DeFiLlama statistics, Tether’s market capitalization is approximately $187.8 billion. The business keeps growing its footprint in international markets for payments, digital assets, and blockchain-based financial services.
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
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