Tether, a strategic partner and the largest shareholder of Gold.com Inc., has collaborated with digital asset platform Fasset to launch a gold-backed Visa card. [8, 10, 14] The initiative aims to enhance the real-world utility of tokenized gold by integrating it into the global payments system. [7, 8]
The new card allows users to make purchases at any Visa-accepting merchant worldwide. [6] Cardholders can earn up to 6% cashback in the form of Tether Gold (XAU₮), Tether's digital token backed by physical gold. [4, 9] The card also features an automatic round-up function that invests the spare change from transactions into XAU₮, enabling users to passively accumulate gold through everyday spending. [5, 7]