Tether injects $5.3 billion worth of tokenized gold into everyday payments; stablecoins are finally more than just dollar transfer tools.

Bijiang Network news: On June 3, Tether and Fasset launched a gold-backed Visa card. During everyday payments, users can earn rewards in the form of tokenized gold. Cardholders can spend at merchants that accept Visa, and the system processes the conversion in the background. The new card offers eligible users up to 6% cash back, and the rewards are expected to be credited to the Fasset wallet in real time. At the time of purchase, users can invest their spare change into XAUT, making gold accumulation more like a savings habit rather than a market trade. The card will be usable at Visa-accepting merchants worldwide, showing how stablecoin infrastructure can go beyond dollar transfers. Tether said that XAUT accounts for more than $2.6 billion in the tokenized gold market, with the overall market valuation exceeding $5.3 billion.