13 May, 2025 — Tether, the largest company in the digital asset industry, is pleased to announce the official listing of Tether Gold (XAU₮) on Maxbit, a digital asset exchange based in Thailand.
Maxbit will become the first exchange in Thailand to offer access to Tether Gold, a tokenized gold product backed 100% by physical gold. Each XAU₮ token represents ownership of one troy ounce of gold and offers all the benefits of traditional gold, such as stability and long-term value, while leveraging blockchain technology’s speed, transparency, and security.
This listing introduces a globally recognized, gold-backed stablecoin that combines real-time asset verification with 24/7 market accessibility. As Thailand’s financial markets increasingly embrace digital innovation, XAU₮ presents a strategic hedge against inflation and economic uncertainty, allowing users to diversify their portfolios with a tangible, time-tested store of value while maintaining constant liquidity through digital channels.
Paolo Ardoino, CEO of Tether, said, “We are pleased to see XAU₮ listed on Maxbit, marking a significant milestone as the first platform to offer access to our gold-backed digital asset in Thailand. Tether Gold combines the timeless value of physical gold with the efficiency and accessibility of blockchain technology, providing individuals with tools to preserve value and achieve long-term portfolio stability. As demand grows for users increasingly seeking resilient, asset-backed solutions, we believe XAU₮ will strategically meet these needs.”
According to the Q1 2025 attestation report, XAU₮ has a market capitalization of $770.0 million and continues to grow amid the shifting monetary landscape. As of April 28, 2025, every XAU₮ in circulation is backed by an equivalent ounce of pure gold (246,523.33 ounces equivalent to more than 7.7 tons). Global economic instability, geographical tensions, and rising demands for inflation-resistant assets have driven this continued growth. XAU₮ offers an alternative to traditional gold products by allowing ownership and transfer on the blockchain.
This announcement also aligns with Thailand’s progressive stance on digital asset regulation. The Securities and Exchange Commission (Thai SEC) recently approved USD₮ as a recognized cryptocurrency for digital asset transactions. This regulatory clarity has strengthened Thailand’s position as a regional hub for compliant, blockchain-based financial services.
Digital assets have experienced strong adoption across global markets, particularly in Asia, where demand for resilient, asset-backed digital currencies remains robust. Complementing this momentum, the country’s Deputy Prime Minister has announced plans to leverage cryptocurrencies and blockchain technology to support tourism. This initiative aims to promote financial inclusion for travelers, particularly in regions with limited access to traditional payment infrastructure.
Mr. Pokkhet Ratchakitprakarn, CEO of Maxbit Digital Asset Co., Ltd., stated that “Maxbit is committed to connecting Thai investors with global opportunities. Launching XAU₮ is a significant milestone in expanding investment options backed by real value and high stability, ideal for those seeking to diversify risk and invest in safe-haven assets.”
The listing reflects Tether’s commitment to promoting financial inclusion and expanding global access to digital assets. By leveraging the power of blockchain, Tether is breaking down traditional barriers and enabling unrestricted access to opportunities across borders, ensuring that financial freedom and stability are no longer a privilege but a possibility for all.
To learn more about Tether Gold (XAU₮), visit https://gold.tether.to/
About Tether Gold (XAU₮)
Tether Gold (Gold) is a digital asset offered by TG Commodities S.A. de C.V. One full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain. The token can be traded or moved easily at any time, anywhere in the world, and can be transferred to any on-chain address from the purchaser’s Tether wallet, where it is issued after purchase. The allocated gold is identifiable with a unique serial number, purity, and weight, and is redeemable in the form of physical gold.
Important Note:
This press announcement is not an offer to sell or the solicitation of an offer to buy Tether Gold (XAU₮). TG Commodities S.A de C.V will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.
