Tether’s Gold-Backed Token XAU₮ Launches on Thailand’s Maxbit Exchange

Tether’s gold-backed token, XAU₮, made its debut on the Thai exchange Maxbit on May 13, 2025. This marks a significant development in Thailand’s digital asset landscape, as it is the first time such a token has been listed in the country. The listing signifies Thailand’s growing acceptance of cryptocurrency and blockchain technology. Tether’s expansion into Asia continues with this new listing, which now has over 7.7 tons of pure gold backing its value.