This Wednesday, June 3, 2026, Tether, a company focused on developing stablecoins, Launch of Visa card backed by XAU₮ cryptocurrencythe tokenized gold issued by this company. The development will take place in collaboration with Fasset, a digital banking and investment platform.
According to information provided by Tether, This card can be used at any business around the world that accepts Visa. You can earn up to 6% cashback with XAU₮ on certain transactions.
“Users will be able to convert XAU₮ to USD₮, convert to fiat currency at the time of transaction, and spend their assets in seconds,” Tether details.
The statement further added, “The card features an auto-rounding feature that automatically invests the remaining change from each transaction into XAU₮, allowing you to continuously and passively accumulate gold through your daily spending.”
As part of the launch, Tether reports up to $1 million in XAU₮ to strengthen card rewards ecosystem 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 Tether CEO Paolo Ardoino.
It is worth clarifying that compliance with such claims depends, among other things, on the degree of adoption of the card.
It is also necessary to point out that Cryptocurrency cards already exist that allow payments with balances held in tokenized gold. For example, CriptoNoticias was able to confirm that Lemon Cash, an Argentinian wallet that exists in other parts of the world, allows cards to be used for payments in PAX Gold (PAXG), a gold stablecoin issued by Paxos.
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