Key Notes
- Tether Gold (XAUโฎ) is now available on Maxbit, the first Thai platform to offer it.
- Each XAUโฎ is backed by one troy ounce of gold stored in a secure vault.
- Tetherโs plans to expand into regulated markets, including the U.S continues to gain traction.
Tether has announced that its gold-backed token, Tether Gold
XAUT
$3 252
24h volatility:
1.3%
Market cap:
$801.59 M
Vol. 24h:
$44.30 M
, is now available on Maxbit, a digital asset exchange in Thailand. This is the first time a Thai platform gives users access to a digital token backed by real gold.
According to the update, this move will give local investors a new way to protect their money, especially during uncertain economic times.
Maxbit becomes first in thailand to offer tether gold
It is worth mentioning that with this listing, Maxbit is now the first exchange in Thailand to offer Tether Gold. Tether Gold is a digital token backed completely by real gold. Each token is one troy ounce of gold stored in a secure vault.
This update comes just days after Tether shared its plans to launch a U.S-based stablecoin, showing its interest in entering more regulated markets.
The official report explains that Tether Gold blends traditional gold ownership with blockchain technology. This allows investors to hold and move gold without physical storage or transport.
Tether Gold provides stability while offering speed and transparency in digital transactions. It also allows Thai investors to diversify their portfolios by adding a trusted, long-established asset.
It is important to add that the decision to list XAUโฎ follows Thailandโs increasing interest in digital finance and the countryโs push to integrate blockchain into everyday use.
Paolo Ardoino, Tetherโs CEO, stated that this development is a major step forward for both companies. He said that Tether Gold gives people access to the timeless value of physical gold and combines that with the benefits of blockchain.
According to him, as more people look for solid investment options, XAUโฎ can meet that demand by offering value and ease of use.
At the time of writing, XAUโฎ is backed by over 246,000 ounces of gold, more than 7.7 tons. Its market value stands at $770 million, based on Tetherโs Q1 2025 attestation report.
This strong backing builds trust in the product when investors actively search for safer financial tools due to global economic shifts and rising inflation concerns.
Thailand and tether market growth aligns
The listing coincides with Thailandโs proactive steps in digital finance. The countryโs SEC has revised its digital asset and cybercrime regulations, aiming to crack down on crypto mule accounts and limit foreign peer-to-peer crypto platforms.
In addition, the Thai security agency recently approved USDโฎ
USDT
$1.00
24h volatility:
0.0%
Market cap:
$148.74 B
Vol. 24h:
$48.32 B
, another token from Tether. This approval recognizes USDโฎ as a legitimate cryptocurrency for digital transactions, adding clarity and trust for both users and businesses in the space.
Thailandโs Deputy Prime Minister also announced plans to use blockchain to support tourism, especially in areas with limited banking infrastructure. Tetherโs entry into this environment fits the countryโs vision of broader financial inclusion.
Mr. Pokkhet Ratchakitprakarn, CEO of Maxbit, said the company is focused on giving Thai investors access to trusted investment tools. With Tether Gold now live on the platform, Maxbit offers individuals a chance to invest in a secure, gold-backed asset through digital means.
As part of its recent efforts to expand stablecoin usage worldwide, Tether has made a strategic investment in Fizen Limited. This investment aims to boost the adoption of stablecoins and simplify crypto payments for users and businesses.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
