Tether and Fasset are launching a card to pay with
#oro tokenized
The card will operate on the Visa network and will allow the use of
$XAUT for everyday purchases.
This Wednesday, June 3, 2026,
#Tether company focused on the development of stablecoins announced the launch of a Visa card backed by the cryptocurrency
$XAUT , which is tokenized gold issued by this company. The development is done in collaboration with Fasset, a digital banking and investment platform.
According to the information provided by Tether, the card can be used at any merchant worldwide that accepts Visa and will offer up to 6% cashback payable in XAUT for certain transactions.
"Users will be able to spend their assets in seconds, converting XAUT to USDT and then to fiat currency at the time of the transaction," details Tether.
Additionally, the statement adds that "the card will feature an automatic rounding function that automatically invests the leftover change from each transaction into XAUT, allowing for continuous and passive accumulation of gold through daily spending."
As part of the launch, Tether informs that it will allocate up to 1 million dollars in XAUT to boost the rewards ecosystem of the card and accelerate the use of tokenized gold.
"Historically, gold has been a store of value, not a medium of exchange. This initiative changes that perception," said Paolo Ardoino, CEO of Tether.
It's worth noting that the fulfillment of such a statement will depend, among other factors, on the level of adoption the card receives.
It is also necessary to point out that there are already cryptocurrency cards that allow payments with the balance held in tokenized gold.
Lemon Cash, an Argentine wallet with a presence in other parts of the world, allows its card to be used for payments with PAX Gold
$PAXG , the gold-backed stablecoin issued by Paxos.