Tether Expands Tokenized Gold Strategy With New Visa-Powered Payment Card
In Brief
Tether and Fasset have launched a Visa-powered card that enables spending, rewards, and automated savings using tokenized gold.
Technology company Tether announced a partnership with Fasset to launch a Visa-powered payment card linked to tokenized gold, introducing a new use case for blockchain-based precious metal assets in everyday spending.
The card will operate on the Visa payment network, allowing users to make purchases at merchants worldwide where Visa is accepted. Eligible transactions will earn rewards of up to 6% in XAU₮, Tether’s gold-backed digital asset. The service is designed to enable users to convert XAU₮ into USD₮ and then into local currency at the point of sale, facilitating real-time spending of digital assets.
The product will also include an automated round-up feature that invests spare change from purchases into XAU₮. The mechanism is intended to allow users to accumulate exposure to tokenized gold through routine transactions without requiring separate investment activity.
Partnership Aims to Expand Real-World Use of Tokenized Gold
Fasset, a digital financial services platform operating across several markets in Asia and Africa, will provide the underlying banking and wallet infrastructure. The company offers multi-currency accounts, payment services, investment products, and digital asset conversion tools, supporting the settlement process between stablecoins and fiat currencies.
The launch reflects broader efforts within the digital asset sector to integrate blockchain-based financial products into conventional payment systems. By combining tokenized gold with a widely accepted payment network, the initiative seeks to expand practical applications for asset-backed digital tokens beyond investment and trading.
According to industry data cited by the companies, the market capitalization of tokenized gold assets exceeds $5.3 billion, with XAU₮ accounting for more than $2.6 billion of that total. Demand for asset-backed digital instruments has grown in recent years, particularly in regions facing currency volatility and limited access to traditional financial services.
As part of the rollout, Tether said it will allocate up to $1 million in XAU₮ to support the card’s rewards program and encourage adoption. The companies stated that the partnership combines Tether’s digital asset liquidity and issuance capabilities with Fasset’s regional distribution network and financial infrastructure, creating a framework for broader use of tokenized gold in consumer payments and savings activities.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
