Tether and Fasset Launch First Gold-Backed Visa Card With Cashback Rewards

Tether and Fasset deploy the inaugural gold-backed Visa card, offering up to 6% XAU₮ cashback. Users can convert XAU₮ to USD₮ for spending, with automatic change reinvestment enabling passive gold accumulation through daily transactions.

Woofun AI reports that Tether has partnered with digital banking platform Fasset to deploy the first Visa card backed by gold. This financial instrument enables holders to execute purchases at global merchants accepting Visa, while earning up to 6% cashback in XAU₮ on qualifying transactions.

The card architecture supports seamless liquidity conversion, allowing users to swap XAU₮ into USD₮ prior to spending, followed by conversion into local fiat currencies.

Additionally, an automated investment protocol captures transaction change to reinvest in XAU₮, facilitating passive gold accumulation through routine consumer activity.