Tether Gold launches on Maxbit, giving Thai investors blockchain-backed gold.

In a significant development for the global digital asset industry, Tether's gold-backed digital token, Tether Gold (XAU₮), has been listed on Maxbit

In a noteworthy development within the global digital asset industry, Tether's gold-backed digital token, Tether Gold (XAU₮), has been listed on Maxbit, a Thailand-based digital asset exchange.

The inclusion of XAU₮ on a regulated exchange in Southeast Asia marks a significant measure towards extending the scope of the tokenized and asset-backed products in the region. While Tether is already recognized for its industry-leading stablecoin, USDt, which is also available on Maxbit, the introduction of XAU₮ provides local investors with an interesting addition to their portfolios.

Maxbit, the first exchange in Thailand to issue XAU₮, will make it possible for investors to easily access gold in a digital format. Each token is backed by one troy ounce of physical gold, offering users a stable and real investment option. In contrast to conventional gold, XAU T is available for 24/7 trading and operates on the blockchain, providing increased transparency, security, and speed of execution.

This move also aligns with Thailand's strong interest in integrating digital innovations into its financial landscape. With the evolving needs of the financial markets in Southeast Asia, there is a rising demand for assets that provide protection against inflation and maintain stability of value.

Tether's token offers an excellent opportunity for investors to diversify their portfolios while enjoying the benefits of digital flexibility.

"We are thrilled to add Tether Gold to our growing list of tradable assets," said Pokkhet Ratchakitprakarn, CEO of Maxbit. "At Maxbit, we strive to provide our users with a diverse range of instruments for investment, all backed by robust credentials in the real world."

"We believe that Tether Gold will be particularly appealing to those who prefer low-risk, high-stability investments. Our goal is to empower investors with the best possible options to navigate the exciting world of digital assets."

The listing of Tether Gold marks a strategic partnership between Tether and Thailand, a nation that is rapidly advancing in the realm of digital finance. Earlier this year, Thailand's Securities and Exchange Commission approved the regulated trading of Tether's USDt stablecoin, a decision that has made Thailand a regional leader in blockchain legislation.

Following this approval, the financial landscape of Thailand is becoming increasingly attractive to businesses like Tether to expand and introduce new products.

The government of Thailand has also been a vocal proponent of blockchain technology in facilitating tourism and financial inclusion. Plans are underway to support crypto transactions for tourists, especially in remote areas with limited banking services. As a result, digital assets are evolving beyond just investment tools and becoming integrated into everyday life in new and interesting ways.

"We are pleased to see Tether Gold listed on Maxbit, a leading digital asset exchange in Thailand," added Paolo Ardoino, CEO of Tether. "This listing expands the possibilities for investors in Southeast Asia to participate in the future of finance."

"Tether Gold is a token that enables the preservation of value while leveraging the efficiency and transparency of blockchain technology. As the crypto industry continues to grow, more investors are seeking robust and asset-based solutions. We believe that Tether Gold is well-placed to provide these solutions, combining the stability of gold with the innovation of digital assets."

According to Tether's Q1 2025 attestation report, Tether Gold has a market capitalization of $770 million and is fully backed by 7.7 tons of physical gold, which equates to more than 246,000 ounces. This support makes Tether Gold one of the most credible and secure digital gold assets available in the market today.