Tether launches Visa card linked to Tether Gold

Tether has partnered with digital banking and investment platform Fasset to launch the world's first neobanking Visa credit and debit card linked to gold assets. The card allows users to earn up to 6% of their purchase amount back in Tether's gold-backed token, Tether Gold (XAU₮), subject to certain conditions. When a user makes a purchase, Tether Gold in their wallet is automatically converted into Tether's stablecoin (USD₮) and then into the local fiat currency for settlement within seconds. The card also offers a feature that automatically collects spare change from transactions and reinvests it into Tether Gold.