fasset

Tether unveils a partnership with Fasset

#Tether partners with #Fasset , an all-in-one financial super app that allows people and businesses to receive money, invest, earn, and make payments from anywhere in the world. Through this partnership, Tether has launched its gold-backed neobanking Visa card.

The Visa card lets users spend fiat worldwide while earning up to 6% cashback in XAUT on eligible purchases. Assets are converted from XAUT to USDT and then fiat at checkout, while an automatic round-up feature invests spare change into XAUT, enabling passive gold accumulation through everyday spending.

👉 tether.io/news/tether-collaborates-with-fasset-to-launch-the-first-gold-backed-card-unlocking-real-world-utility-for-digital-gold/

The issuer of the largest stablecoin Tether has officially teamed up with the crypto neobank Fasset to launch the world's first Visa debit card linked to tokenized gold Tether Gold (XAU\tau). The card's staking mechanics break the classic conservative status of precious metals: users can pay with fiat dollars within the Visa infrastructure (with automatic conversion of XAU\tau to USDT if needed), earning up to 6% premium cashback in physically-backed gold. An additional bullish factor for the ecosystem will be the automatic rounding of transactions (sweep-investing change into gold), for which Tether has personally allocated $1 million in equivalent XAU\tau, which will inevitably accelerate the flow of liquidity from emerging markets into digital commodity assets amid global dollarization.

#Tether #XAUT #Fasset #VisaGold #Tokenization