Previously, card payments earned rewards points; now they earn gold—Tether’s card creates a closed loop linking fiat spending with tokenized gold, offering 6% XAU₮ cashback plus automatic recurring “change” investments, as the stablecoin giant begins taking a slice of the traditional banks’ retail market.

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CryptoWorld News reports that Tether and Fasset have jointly launched a gold-backed Visa card, allowing users to receive up to 6% cash back on global purchases, paid in XAU₮. The card converts XAU₮ to USD₮ and fiat currency at checkout and automatically invests spare change into tokenized gold.
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