Tether Gold (XAUt) Expands to the Thai Bitcoin Market by Listing on Maxbit

Originally launched on Maxbit, a local digital asset exchange, Tether Gold (XAUt), a gold-backed stablecoin created by Tether, has lately entered the Thai bitcoin market.

Originally launched on Maxbit, a local digital asset exchange, Tether Gold (XAUt), a gold-backed stablecoin created by Tether, has lately entered the Thai bitcoin market. This action exposes Thai investors to a digital asset that offers the stability of gold, together with the adaptability of cryptocurrencies.

The timing of this IPO coincides with the emerging demand for safe and inflation-resistant digital assets among Southeast Asian investors. What sets Tether Gold apart is its property of offering direct access to actual gold, while circumventing the typical complexities involved in traditional storage and transfer. XAUt provides a readily available and ingenious solution for anyone actively seeking a hedge against shifting currencies.

Presentation of Tether Gold for the Thai Market

Announced by Tether on May 13, 2025, the listing of its gold-backed token, Tether Gold (XAUt), on Thailand’s Maxbit market marks a significant step in the nation’s digital asset investment landscape. Each XAU token, meticulously kept in Swiss vaults, signifies ownership of one troy ounce of actual gold.

First introduced in January 2020, Tether Gold boasts a market capitalization of about $802 million. The token is issued on the Ethereum and Tron blockchains, enabling users throughout the world to perform transactions quickly and at a reasonable cost.

Maxbit: Thai Emerging Digital Asset Exchange

Founded in October 2023, Maxbit operates under the supervision of the Thai Securities and Exchange Commission (SEC). Along with local companies Spearhead Labs and Unit Company, which hold 29% and 28.7% respectively, the trade is supported by PTG Energy, a well-known Thai energy giant holding a 35% share.

Offering trading for over 80 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT), Maxbit is currently developing traction in the Thai market. To draw both retail and institutional investors, the site also stresses excellent security measures and user-friendly interfaces.

Regulatory Environment Supports Stablecoins

Thailand’s regulatory environment has become increasingly supportive of stablecoins. In March 2025, the Thai SEC legalized the use of US dollar-backed stablecoins like Tether’s USDt (USDT) and Circle’s USDC for cryptocurrency trading.

This regulatory backing paves the way for assets like Tether Gold to be listed on regulated exchanges within the country. Analysts believe this change would increase investor trust and draw more foreign capital into the Thai digital asset market.

Thailand’s Crypto Market: A Competitive Landscape

Maxbit's recent entry into the market places it in direct contention with established companies like Bitkub, which claims at least 75% of the Thai market share. With more than thirty percent of Bitkub’s daily trading volume derived from USDT/Thai baht, it stands as the most heavily traded pair.

It's noteworthy that Bitkub does not currently offer any gold-backed tokens, setting Maxbit apart with its strategic listing of Tether Gold. This uniqueness could be crucial for Maxbit in carving out a segment among investors seeking asset-backed digital securities.

Implication for Investors

The listing of Tether Gold on Maxbit opens up a new avenue for investors in Thailand to invest in gold in the online domain. This development continues the global trend of tokenizing traditional, real-world assets, aiming to provide investors with the advantages of both asset classes.

XAUt provides a safe, transparent, and convenient mode for both new and experienced investors to diversify their portfolios and safeguard against economic instability.