Tether and Fasset have introduced a new Visa card that allows users to spend tokenized gold in everyday transactions while earning rewards in Tether Gold (XAU₮). The card operates on Visa’s global payment network and can be used wherever Visa is accepted.
When making a purchase, the card automatically converts XAU₮ into USDT, then into the local currency at checkout. This process bridges the gap between digital gold as an investment and a practical spending tool. Users can earn up to 6% cashback in XAU₮ on eligible purchases, with rewards credited directly and in real time.
A unique round-up feature invests spare change from each transaction into Tether Gold, enabling users to gradually build gold exposure without manual purchases. Tether has committed up to $1 million worth of XAU₮ to support the rewards program, aiming to boost everyday use of tokenized gold.
The tokenized gold market has grown to over $5.3 billion, with XAU₮ representing more than $2.6 billion. This launch follows Tether’s broader expansion into digital asset services, including a partnership with the Government of Georgia on a digital currency linked to the Georgian lari and the acquisition of SoftBank’s stake in Twenty One Capital.