Tether and Fasset introduced a gold-backed Visa card on June 3 that links everyday payments to XAUT and Tether Gold, giving eligible users rewards in tokenized gold. The new card gives eligible users up to 6% cashback in XAUT on qualifying purchases. Cardholders can spend at merchants that accept Visa while the system handles conversion behind the scenes. For payments, users can hold XAUT, convert it into USDT, and then spend fiat at checkout. Rewards are expected to be credited to Fasset wallets in real time.