Tether Introduces Visa Card Offering Cashback in Tokenized Gold
- Tether launches the first non-bank Visa card linked to tokenized gold, XAUT.
- Users can earn up to 6% cashback in XAUT through daily transactions.
- Transactions convert assets from XAUT to USDT and then to fiat currency at payment.
- Tether allocates up to $1 million in XAUT to support the rewards ecosystem.
- The initiative aims to promote tokenized gold, particularly in emerging markets with volatile currencies.
This partnership with Fasset enables users to convert gold into a practical payment instrument, enhancing the utility of digital assets globally. The card leverages the extensive Visa network, making it easier for users to integrate digital gold into their everyday spending.
By allowing users to earn cashback in XAUT, Tether is redefining how digital assets are utilized, with significant implications for both individual users and broader markets.(Source)
