[Tether Launches the World's First Gold-Backed Visa Card with XAUT Cashback] BlockBeats News, June 3: Tether, in collaboration with Fasset, has launched the world's first gold-backed Visa debit card. Users can spend fiat currency at Visa merchants worldwide and earn up to 6% cashback in gold tokens (XAUT) on eligible transactions. The card supports real-time conversion of XAUT to USDT and then to fiat currency. It also features an automatic rounding function, which invests transaction change into gold tokens (XAUT), enabling passive gold accumulation through everyday spending. Tether has committed up to $1 million worth of XAUT to reward the ecosystem and promote the adoption of tokenized gold in emerging markets. Currently, the total market capitalization of tokenized gold exceeds $5.3 billion, with XAUT accounting for over $2.6 billion. [Original Link]