Tether Gold (XAU₮) Debuts on Maxbit, Expanding Digital Gold Market in Thailand

By: bitcoin ethereum news|2025/05/14 00:15:05

Timothy Morano May 13, 2025 10:54 Tether Gold (XAU₮), a tokenized gold product, is now listed on Maxbit in Thailand, offering a blockchain-backed stablecoin with real-time asset verification. Tether Gold (XAU₮), a tokenized gold product, has officially been listed on Maxbit, a digital asset exchange based in Thailand. This move marks Maxbit as the first exchange in Thailand to provide access to Tether Gold, according to Tether. Each XAU₮ token represents ownership of one troy ounce of gold, combining the stability and long-term value of traditional gold with the speed and security of blockchain technology. Introduction of XAU₮ to the Thai Market The listing of XAU₮ on Maxbit introduces a globally recognized, gold-backed stablecoin to the Thai market, offering real-time asset verification and 24/7 market accessibility. With Thailand’s financial markets increasingly embracing digital innovation, XAU₮ acts as a strategic hedge against inflation and economic uncertainty. It allows users to diversify their portfolios with a tangible, time-tested store of value, maintaining constant liquidity through digital channels. Industry Impact and Economic Context This development aligns with Thailand’s progressive stance on digital asset regulation. The Thai Securities and Exchange Commission recently approved USD₮ as a recognized cryptocurrency for digital asset transactions, strengthening Thailand’s position as a regional hub for compliant, blockchain-based financial services. Globally, digital assets have seen strong adoption, especially in Asia, where demand for resilient, asset-backed digital currencies is robust. Complementing this momentum, Thailand’s Deputy Prime Minister has announced plans to leverage cryptocurrencies and blockchain technology to support tourism and promote financial inclusion for travelers, particularly in regions with limited access to traditional payment infrastructure. Statements from Industry Leaders Paolo Ardoino, CEO of Tether, commented on the significance of the XAU₮ listing on Maxbit, highlighting its role in combining the timeless value of physical gold with blockchain’s efficiency and accessibility. Ardoino emphasized Tether Gold’s potential to meet the increasing demand for resilient, asset-backed solutions. Maxbit CEO, Mr. Pokkhet Ratchakitprakarn, stated that the listing 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. Market Growth and Future Prospects According to Tether’s Q1 2025 attestation report, XAU₮ has a market capitalization of $770.0 million, continuing 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, equivalent to more than 7.7 tons. This growth is driven by global economic instability, geographical tensions, and rising demands for inflation-resistant assets. The introduction of XAU₮ in Thailand reflects Tether’s commitment to promoting financial inclusion and expanding global access to digital assets. By leveraging blockchain technology, Tether aims to break down traditional barriers and enable unrestricted access to financial opportunities across borders. Image source: Shutterstock Source: https://blockchain.news/news/tether-gold-xaut-debuts-maxbit-thailand

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