Tether has partnered with Fasset to launch a Visa card that offers gold-backed rewards, marking a new entry in the growing crypto payments space.
What Tether and Fasset Announced
The collaboration brings together Tether, the issuer behind the largest stablecoin by market capitalization, and Fasset, a digital asset platform focused on emerging markets. The product is a Visa-branded card that lets holders earn rewards denominated in gold, according to Fasset’s official announcement.
The card is live and accessible through a dedicated portal at tether.fasset.io, where users can sign up and manage their accounts. This is a confirmed product launch, not a proposal or rumor.
How Gold Rewards Shape the Offer
The gold rewards mechanism sets this card apart from most crypto-linked Visa cards on the market, which typically offer cashback in Bitcoin or the issuer’s native token. By tying rewards to gold, the card appeals to users who want exposure to a traditionally stable store of value rather than volatile crypto assets.
Tether already operates Tether Gold (XAUT), a token backed by physical gold reserves. The rewards structure appears designed to leverage that existing infrastructure, connecting everyday card spending to gold accumulation.
No specific reward rates or tier structures have been publicly confirmed at this time. Users interested in the card’s exact terms should consult the official product page for the latest details.
Why the Partnership Matters for Crypto Payments
The launch adds to a broader wave of crypto companies seeking integration with established payment networks. Visa’s involvement provides the card with access to millions of merchants worldwide, bridging digital asset platforms with traditional point-of-sale infrastructure.
For Tether, the partnership extends its reach beyond stablecoin issuance into consumer-facing financial products. This comes as other major players in digital assets are also pushing into payments, with developments like CME Group’s move to 24/7 crypto futures trading signaling growing institutional comfort with digital asset services.
The card also arrives during a period of increasing regulatory attention to crypto payment products. Policymakers are treating the sector with new seriousness, as reflected by initiatives such as the U.S. Strategic Bitcoin Reserve blueprint due later this year.
Fasset’s focus on emerging markets suggests the initial rollout may target regions where both gold and stablecoins already see strong demand. Meanwhile, projects across the broader crypto ecosystem continue to compete for user attention with aggressive growth strategies, making a tangible payments product a notable differentiator.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
