Tether Gold Launches on Maxbit Exchange in Thailand

Thailand’s Maxbit exchange has listed Tether Gold (XAUt), a digital asset backed by physical gold, marking a significant expansion for the stablecoin provider. This listing follows Thailand’s regulatory approval of USD-backed stablecoins earlier this year. Maxbit, backed by energy giant PTG and other local firms, is now the first Thai exchange to offer tokenized gold trading with real-world bullion backing. Each XAUt token represents one troy ounce of gold held in a secure Swiss vault, providing investors with a digital yet asset-backed investment opportunity in gold.