[Tether and Fasset Launch the First Gold-Backed Visa Card] Deep Tide TechFlow reports, on June 3, according to official sources, Tether announced a partnership with digital banking and investment platform Fasset to launch the world's first gold-backed Visa card. Users can make fiat payments at global merchants via the Visa network and earn up to 6% cashback in XAU₮ on eligible transactions. The card also supports automatically investing transaction round-ups into XAU₮. During transactions, users can convert XAU₮ to USD₮ and then to fiat currency to complete payments. Tether stated that it will allocate up to $1 million worth of XAU₮ to build the card's reward system.