Tether Gold XAU₮ Debuts on Thailand’s Maxbit Exchange

Highlights:

• Tether Gold is now available in the Thai market through a local crypto exchange.
• Real gold stored in a secure location in Switzerland backs each token.
• Investors in Thailand can trade and hold a digital asset that is directly pegged with physical gold.

Tether has listed its gold-backed token, Tether Gold (XAU₮), on Maxbit, a licensed digital asset exchange in Thailand. Tether made the announcement today, confirming that Maxbit is the first Thai platform to offer a tokenized gold asset backed by physical reserves. Meanwhile, Maxbit is owned by a number of firms. PTG Energy has a 35% stake, while Spearhead Labs owns 29%. In addition, Unit Company owns 28.7%.

Advertisement

Tether Gold (XAU₮) Launches on Maxbit, Introducing Tokenized Gold to Thailand’s Digital Asset Market
Read more: https://t.co/DFLY33G3wm

— Tether (@Tether_to) May 13, 2025

Tether Gold was introduced for the first time in January 2020. Each token is backed by 31.1035 grams of physical gold. The physical gold is stored safely in a vault established in Switzerland. According to the first documentation of Tether Gold for the first quarter of this year, the company holds 7.7 tons of gold. Tether Gold is currently trading at $3,246.08, a 0.50% increase in the past day, according to CoinMarketCap. In addition, it has a market cap of over $800 million. Moreover, it hit an all-time high of $3,423 on April 21 as a result of an increase in gold prices recently.

Through the introduction of Tether Gold by Maxbit, investors in Thailand can trade and hold a digital asset that is directly pegged with physical gold. This addition provides new alternatives for portfolio diversification. In addition, it combines old gold value and the flexibility of blockchain.

CEO Highlights Market Demand for Asset-Backed Options

Tether CEO Paolo Ardoino 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.” He explained that there is rising demand among users who want access to stable assets supported by real-world value.

From its inception, Tether Gold has worked to fill the gap between conventional precious metals and blockchain utility. The token enables users to obtain exposure to gold without the constraints associated with physical storage and transport. A combination of the transparency of blockchain and the reliability of gold results in a digital product for both institutional and individual investors.

Thailand has demonstrated a growing interest in blockchain financial products. Exchanges throughout the country started listing US dollar-backed digital currencies like Tether’s USDT and Circle’s USDC in March. These advancements have created room for gold-backed assets such as XAU₮ to penetrate the Thai market. Moreover, the penetration provides alternative investment opportunities to the local players.

New Asset Class aUSD₮ Adds More Options for Users

In June 2024, Tether introduced another digital product called aUSD₮, which is over-collateralized and backed by Tether Gold. Although designed to maintain a value of one U.S. dollar, the token uses gold as its support instead of fiat currency. In particular, this approach provides users with more secure alternatives for digital transactions.

Maxbit CEO Pokkhet Ratchakitprakarn said:

“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.”

With the listing of Tether Gold, Maxbit now provides a convenient and safe means for the locals to invest in digital gold. The listing also portrays increased initiatives in Thailand to relate digital technology to the real assets through dependable platforms.

Advertisement