Tether, the leading entity in the digital asset sector, has officially announced the listing of Tether Gold (XAU₮) on Maxbit, a Thailand-based digital asset exchange. This marks Maxbit as the first exchange in the country to offer Tether Gold, a tokenized gold product fully backed by physical gold.
Each XAU₮ token represents one troy ounce of gold and combines the stability and long-term value of traditional gold with the benefits of blockchain technology, including speed, transparency, and security. The listing offers a globally recognized gold-backed stablecoin, providing real-time asset verification and 24/7 market accessibility.
As Thailand’s financial landscape embraces digital innovation, XAU₮ presents an attractive option for users seeking to diversify their portfolios. The token offers a hedge against inflation and economic uncertainty, allowing individuals to hold a tangible store of value while maintaining liquidity through digital platforms.
Paolo Ardoino, CEO of Tether, expressed his enthusiasm about the listing, stating, “We are thrilled to see XAU₮ listed on Maxbit, the first platform in Thailand to provide access to our gold-backed digital asset. Tether Gold merges the timeless value of physical gold with the efficiency of blockchain, empowering individuals to preserve value and achieve long-term stability. With growing demand for resilient, asset-backed solutions, XAU₮ is well-positioned to meet these evolving needs.”
As of Q1 2025, the XAU₮ market capitalization stands at $770 million, continuing its upward trajectory amid global economic shifts. The Q1 2025 attestation report reveals that each XAU₮ is backed by an equivalent ounce of pure gold, totaling over 7.7 tons of gold. The ongoing global economic instability, geopolitical tensions, and rising interest in inflation-resistant assets have fueled the continued growth of Tether Gold.
XAU₮ offers an alternative to traditional gold investment by enabling ownership and transfer via blockchain, providing users with more flexible and accessible ways to manage their gold holdings.
This move also reflects Thailand’s progressive approach to digital asset regulation. Recently, the Securities and Exchange Commission (Thai SEC) officially recognized USD₮ as a valid cryptocurrency for digital transactions. This regulatory clarity bolsters Thailand’s status as a regional leader in compliant, blockchain-based financial services.
As digital assets gain traction worldwide, particularly in Asia, Thailand’s government has shown strong support for cryptocurrency and blockchain technology. The Deputy Prime Minister has outlined plans to use these technologies to enhance tourism, aiming to promote financial inclusion for travelers, especially in areas with limited access to traditional payment systems.
