Tether and Fasset Launch the First Gold-Backed Visa Card

Something important is happening in the crypto finance world. Tether and Fasset have just taken a new step for digital gold. The two companies have launched the first gold-backed Visa card, allowing the spending of tokenized assets while receiving rewards in XAU₮. An initiative that brings traditional finance and digital assets even closer!

A historic turning point for digital gold

For centuries, gold has been a store of value and never a daily means of payment. Tether has just changed this equation. In partnership with Fasset, a digital banking platform active in Asia and Africa, the stablecoin giant launches a functional Visa card. The latter is accepted everywhere in the world where Visa is accepted.

But that’s not the most surprising part! Each transaction made with the card generates up to 6% cashback in XAU₮, Tether’s gold token, directly into the user’s wallet.

The mechanism is simple:

• The user pays in fiat currency.
• The system converts XAU₮ into USDT, then into fiat in real time.
• The gold cashback is credited instantly.

The new Visa card even includes an automatic rounding feature. More explicitly, the leftover virtual currency after each purchase is automatically invested in XAU₮. This allows passive accumulation of gold without effort.

1 million dollars put on the table by Tether

To launch the ecosystem, Tether commits up to 1 million dollars in XAU₮. The goal: to fund the rewards program. For crypto experts, this is a strong signal: the company is not testing, it is betting.

According to Tether CEO Paolo Ardoino in the statement, the goal is to connect tokenized gold to global payment systems to make it truly usable, without friction or borders. Note that the total capitalization of tokenized digital gold today exceeds 5.3 billion dollars. And XAU₮ alone represents more than 2.6 billion.

For its part, Fasset reports 32 billion dollars in annualized volumes, of which 95% are in real assets. The company aims to make Tether Gold the most held digital gold token in emerging markets. In regions where monetary volatility is high, access to a safe-haven asset like gold via a simple payment card represents an unprecedented opportunity for millions of users.

In any case, this launch marks much more than a commercial partnership. It signals a transition: tokenized gold enters the real economy, accessible daily, for everyone.