Tether Gold (XAU₮) Debuts on Maxbit, Expanding Digital Gold Market in Thailand

Tether Gold (XAU₮), a tokenized gold product, is now listed on Maxbit in Thailand, offering a blockchain-backed stablecoin with real-time asset verification.

Maxbit, a digital asset exchange based in Thailand, has announced the listing of Tether Gold (XAU₮) on its platform.

Tether, the issuer of the largest stablecoin in the world, USD₮, has expanded its offerings with XAU₮, a tokenized gold product. Each XAU₮ token represents ownership of one troy ounce of gold, offering a unique blend of traditional gold's stability and long-term value with the speed and security of blockchain technology.

XAU₮ is a globally recognized, gold-backed stablecoin, offering real-time asset verification and 24/7 market accessibility. As Thailand's financial markets continue to integrate digital innovation, XAU₮ acts as a strategic hedge against inflation and economic uncertainty. It allows users to diversify their portfolios with a tangible, time-tested store of value, maintaining constant liquidity through digital channels.

This development aligns with Thailand's progressive stance on digital asset regulation. Recently, the Thai Securities and Exchange Commission approved USD₮ as a recognized cryptocurrency for digital asset transactions, positioning Thailand as a regional hub for compliant, blockchain-based financial services.

Globally, digital assets are seeing strong adoption, especially in Asia, where demand for such currencies is robust. Complementing this momentum, Thailand's Deputy Prime Minister has announced plans to leverage cryptocurrencies and blockchain technology to support tourism and promote financial inclusion for travelers, particularly in regions with limited access to traditional payment infrastructure.

Paolo Ardoino, CEO of Tether, commented: "We are pleased to see Tether Gold being listed on Maxbit, expanding investment options backed by real value and high stability. This is ideal for those seeking to diversify risk and invest in safe-haven assets.”

The integration of XAU₮ on Maxbit marks a significant step in providing diverse investment instruments and expanding the use cases of digital assets within the rapidly growing crypto ecosystem in Southeast Asia.

According to Tether's Q1 2025 attestation report, XAU₮ has a market capitalization of $770.0 million, continuing to grow amid the shifting monetary landscape. As of April 28, 2025, every XAU₮ in circulation is backed by an equivalent ounce of pure gold, amounting to more than 7.7 tons. This growth is driven by global economic instability, geographical tensions, and rising demands for inflation-resistant assets.

Tether's move to introduce XAU₮ in Thailand also reflects the firm's broader commitment to promoting financial inclusion and expanding global access to digital assets. By leveraging blockchain technology, Tether aims to break down traditional barriers and enable unrestricted access to financial opportunities across borders.