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.
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