Tether Gold Hits Maxbit — Thai Investors Can Now Own Real Gold in Just a Few Clicks!

Jakarta, Pintu News – In a recent development, Tether has announced that its gold-based token, Tether Gold , is now available on Maxbit, a digital asset exchange in Thailand. This is the first time a platform in Thailand has provided users with access to digital tokens backed by physical gold.

Based on the update, the move provides new opportunities for local investors to hedge their wealth, especially amidst uncertain economic conditions.

Maxbit is the First in Thailand to Offer Tether Gold

It is worth noting that with this listing, Maxbit becomes the first exchange in Thailand to provide Tether Gold. Tether Gold is a digital token that is fully backed by physical gold. Each token represents one troy ounce of gold stored in a secure vault.

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This update comes just days after Tether announced its plans to launch a US dollar-based stablecoin in the United States, signaling the company’s interest in entering a more regulated market.

The official report explains that Tether Gold combines traditional gold ownership with blockchain technology. This allows investors to own and move gold without the need to physically store it or transport it.

Tether Gold offers stability as well as speed and transparency in digital transactions. In addition, the token also gives investors in Thailand the opportunity to diversify their portfolio by adding a tried and trusted asset.

Interest in Digital Finance in Thailand Increases

It is also worth mentioning that the decision to list XAU₮ is in line with Thailand’s growing interest in digital finance as well as the country’s drive to integrate blockchain technology into daily life.

Paolo Ardoino, CEO of Tether, stated that this development is a big step for both companies.

He emphasized that Tether Gold gives people access to the lasting value of physical gold, combined with the advantages of blockchain technology.

According to him, amidst people’s increasing need for solid investment options, XAU₮ can fulfill this demand by offering value and ease of use.

As of May 13, 2025, XAU₮ is backed by over 246,000 ounces of gold, or the equivalent of over 7.7 tons. The token’s market value is approximately $770 million, based on Tether’s attestation report for the first quarter of 2025.

This strong asset backing boosts confidence in the product, especially when investors are looking for safer financial instruments due to global economic turmoil and growing inflation concerns.

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Thailand and Tether Market Growth Aligned

The listing of Tether Gold on Maxbit is in line with Thailand’s proactive steps in developing the digital finance sector.

The Securities and Exchange Authority of Thailand (SEC) has revised regulations related to digital assets and cybercrime, with the aim of combating illegal crypto mule accounts and limiting the use of overseas peer-to-peer crypto platforms.

In addition, Thai security authorities have also recently approved USD₮, another token owned by Tether. This approval recognizes USD₮ as a legitimate cryptocurrency for digital transactions, providing more certainty and confidence for users and businesses in the industry.

Thailand’s Deputy Prime Minister also announced plans to utilize blockchain technology to support the tourism sector, especially in underbanked areas.

Tether’s entry into the Thai market is in line with the country’s vision of expanding financial inclusion.

Maxbit CEO, Mr. Pokkhet Ratchakitprakarn, stated that his company is committed to providing Thai investors with access to reliable investment instruments.

With Tether Gold on the Maxbit platform, people now have the opportunity to invest in safe, gold-backed assets digitally.

As part of its efforts to expand the use of stablecoins globally, Tether has also made a strategic investment in Fizen Limited. This move aims to drive stablecoin adoption and make crypto payments easier for users and businesses.

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Reference:

• Cointelegraph. Tether Gold Stablecoin Comes to Thailand with Listing on Maxbit Exchange. Accessed on May 14, 2025
• CoinSpeaker. Tether Gold XAUT Launches on Maxbit for Thai Investors. Accessed on May 14, 2025
• Crypto News. Tether Brings Gold-Backed Stablecoin to Thailand as Inflation Hedge Demand Grows. Accessed on May 14, 2025