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Tether has partnered with Fasset to introduce the first gold-backed Visa card, creating a new way for users to spend, save, and earn through tokenized gold. Cardholders can make purchases globally wherever Visa is accepted, receive up to 6% cashback in XAUT on eligible transactions, and automatically invest transaction round-ups into gold through an integrated savings feature.
The card is supported by Fasset’s financial platform, which offers digital banking services, multi-currency accounts, instant settlements, and access to investments across crypto, stocks, funds, and commodities. Fasset’s established footprint in Asia and Africa, combined with its large-scale digital asset off-ramp network, helps deliver fast and reliable fiat conversion.
This launch advances the practical use of gold-backed digital assets by embedding them into familiar payment experiences. Through direct integration with Fasset wallets, users receive XAU₮ rewards in real time while maintaining seamless access to their digital assets.
The broader tokenized gold sector has surpassed $5.3 billion in market capitalization, with XAU₮ accounting for more than $2.6 billion. As demand rises for stable and accessible financial products, particularly in regions facing currency volatility, Tether is allocating up to $1 million in XAUT to strengthen the rewards ecosystem and encourage adoption.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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