Tether Launches Gold-Backed Token, XAU₮, on Thai Exchange Partnering with Maxbit

Tether has entered the Thai market by launching its gold-backed token, Tether Gold (XAU₮), through a partnership with Maxbit, a digital asset exchange in Thailand. This marks the first official listing of XAU₮ on a Thai exchange and grants local traders access to a blockchain-based version of traditional gold ownership. The token, which represents one troy ounce of gold, is fully backed by physical gold held in Switzerland for safekeeping.