Tether-Fasset Gold-Backed Visa Card Activates With 6% XAUT Cashback

On June 4, 2026, the Tether-Fasset gold-backed Visa card became operational, allowing users to spend XAUT via instant conversion to USDT and local fiat at checkout. The partnership, announced the previous day, introduced up to 6% rewards paid in XAUT plus automatic round-up investing into tokenized gold. Tether seeded the program with $1 million in XAUT while the broader tokenized-gold market exceeded $5.3 billion, with XAUT holding over $2.6 billion of that total and trading near $4,414 per ounce.