Tether Introduces Gold-Backed Stablecoin in Thailand As Inflation Grows

Tether, the largest stablecoin company in the digital asset industry, is expanding the Tether Gold (XAUT) market to Thailand as the Gold is officially launched on the Maxbit exchange, a digital asset exchange based in Thailand.

The development, announced by Tether on May 13, 2025, marks a new dawn for Tether Gold. Simultaneously, this makes Maxbit Digital Asset Co., Ltd the first crypto exchange in Thailand to offer access to Tether Gold.

Tether Gold is a tokenized gold product backed 100% by physical gold. Each XAUT token represents ownership of one troy ounce of gold and offers all the benefits of traditional gold.

The report suggests that listing Tether Gold, XAUT, would help provide a strategic hedge against inflation and ways to fight economic uncertainty in the country.

Furthermore, Thailand’s financial markets’ embrace of digital innovation conforms with the stability and long-term value XAUT presents, in addition to leveraging blockchain technology’s speed, transparency, and security.

“This listing introduces a globally recognized, gold-backed stablecoin that combines real-time asset verification with 24/7 market accessibility,”

Tether stated.

Paolo Ardoino, CEO of Tether, stated that he believes XAUT would quench Thailand citizens’ demand for asset-backed solutions to preserve value and achieve long-term portfolio stability.

In addition, this launch is expected to expand investment options and connect Thai investors with global opportunities.

Thailand SEC Recognizes Tether’s USDT for Digital Asset Transactions

Notably, this event harmonizes with the country’s Securities and Exchange Commission (SEC) assent to using Tether’s USDT for digital asset transactions, which spells out the country’s pro-Web3 stance.

In March 2025, Tether announced that the Thai SEC had granted acceptance of USDT as an approved cryptocurrency.

Consequently, USDT, the world’s most widely used stablecoin, can be traded within the country’s financial market, including its listing on SEC-approved crypto exchanges.

“The updated regulations aim to enhance flexibility in digital asset businesses and will take effect on March 16, 2025. The SEC had previously sought public feedback on these changes, which were finalized in February 2025 with widespread industry support,”

the report stated.

South Asian Countries Employ Web3 Innovations

Nonetheless, Tether is not the first to push for digital assets adoption in the South Asian market, recently, Bhutan partnered with Binance Pay and DK Bank to launch the world’s first national crypto tourism payment system.

The partnership enables tourists and travellers to pay for nearly all travel expenses using over 100 cryptocurrencies, including BNB, BTC, and USDC, in more than 100 local merchants already onboarded by DK Bank and Binance Pay.

Additionally, the initiative also ends difficulties faced by cross-border tourists, including high transaction and currency exchange fees, limited acceptance of international cards, and the dangers of carrying a huge amount of money around.