Tether teams up with Fasset to launch the Gold Visa Card! Offering 6% cash back, XAUT moves into everyday payments

According to an announcement released today (the 3rd) by Tether, the company has partnered with digital banking platform Fasset to officially launch the world's first gold-backed Visa new banking card. This innovative service will allow users to make everyday fiat currency purchases at Visa merchants worldwide, while integrating real-time conversion and XAU₮ rewards mechanisms, marking an important milestone in tokenized gold's transition from a simple store of value to a mainstream payment application.
(Background recap: Tether teams up with the Georgian government to promote the legal stablecoin GELT! Pegging to Larry to target cross-border payments)
(Additional background: Tether expanding into the Korean market? Pre-registering official logo and XAUT trademarks, likely establishing a "Korea branch")

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• Combining 6% rewards with spare change investing, XAU₮ enters daily life
• Changing the gold narrative, targeting emerging market demands
• 📋 Recommended headline options (please choose one)

The world's largest digital asset issuer, Tether, continues to expand its real-world asset (RWA) application landscape. According to the latest announcement released on June 3, 2026, Tether announced a partnership with digital banking and investment platform Fasset to jointly launch the world's first "gold-backed Visa new banking card (neobanking Visa card)."

This collaboration aims to leverage Fasset's strong infrastructure in high-growth markets such as Asia and Africa, along with Tether's abundant global liquidity. By combining the centuries-old tradition of gold with modern blockchain technology, this card will promote the tokenization of gold from its traditional role as a "store of value" to a medium for daily payments, especially targeting users in emerging markets affected by exchange rate volatility.

Combining 6% rewards with spare change investing, XAU₮ enters daily life

This innovative Visa card features multiple functions tailored for crypto users. First, it allows users to make fiat currency purchases at any Visa-supported merchant worldwide. During payment, the system can convert the user's Tether gold token (XAU₮) to USD stablecoin (USD₮) within seconds, then seamlessly convert to fiat currency to complete the transaction.

Additionally, the card introduces an attractive rewards mechanism. Eligible transactions can earn up to 6% XAU₮ cashback, with rewards instantly credited to the user's Fasset wallet. Even more, the "automatic rounding investment" feature automatically rounds up spare change from each daily transaction and invests it directly into XAU₮, enabling users to passively accumulate gold assets without effort. To accelerate the practical application of this ecosystem, Tether commits to investing up to $1 million worth of XAU₮ as reward support.

Changing the gold narrative, targeting emerging market demands

Currently, the total market cap of tokenized digital gold worldwide has surpassed $5.3 billion, with XAU₮ supported by London Good Delivery gold bars of 1 ounce accounting for over $2.6 billion of that large share. Tether CEO Paolo Ardoino emphasized in the announcement that historically, gold has been viewed mainly as a store of value, but this project thoroughly changes that narrative. He pointed out that connecting real-world payment systems will enable gold to be used frictionlessly and borderlessly.

Meanwhile, Fasset CEO Mohammad Raafi Hossain stated that Fasset's annualized trading volume reaches $32 billion, most of which involves real-world assets. Through collaboration with Tether and its extensive distribution network, they are working to build a new infrastructure, aiming for Tether Gold to become the most widely held digital gold token in emerging markets, providing high liquidity and stability for regions heavily affected by fiat currency fluctuations.

📋 Recommended headline options (please choose one)

Option 1 (Subject + Action + Data):
Tether partners with Fasset to launch gold Visa card! Offers 6% cashback, XAU₮ enters daily payments

Option 2 (Core event + Impact):
Breaking the store-of-value framework! The world's first "gold-backed Visa card" debuts, Tether targets emerging markets

Option 3 (Question & answer):
Can gold be used to buy coffee? Tether issues XAU₮ physical card, featuring automatic spare change investment