Tether Gold (XAU₮) Launches on Thailand’s Maxbit Exchange

On May 13, 2025, Tether, a leading entity in the digital asset industry, announced the official listing of Tether Gold (XAU₮) on Maxbit, a digital asset exchange based in Thailand. This development marks Maxbit as the first exchange in Thailand to offer access to Tether Gold, a tokenized gold product fully backed by physical gold.

Each XAU₮ token represents ownership of one troy ounce of gold, combining the traditional benefits of gold, such as stability and long-term value, with the advantages of blockchain technology, including speed, transparency, and security. The listing introduces a globally recognized, gold-backed stablecoin that offers real-time asset verification and 24/7 market accessibility.

Strategic Hedge Against Economic Uncertainty

As Thailand’s financial markets increasingly embrace digital innovation, XAU₮ presents a strategic hedge against inflation and economic uncertainty. It allows users to diversify their portfolios with a tangible, time-tested store of value while maintaining constant liquidity through digital channels.

Paolo Ardoino, CEO of Tether, stated, “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. Tether Gold combines the timeless value of physical gold with the efficiency and accessibility of blockchain technology.”

According to the Q1 2025 attestation report, XAU₮ has a market capitalization of $770 million and continues to grow amid the shifting monetary landscape. As of April 28, 2025, every XAU₮ in circulation is backed by an equivalent ounce of pure gold, totaling over 7.7 tons. Global economic instability, geographical tensions, and rising demands for inflation-resistant assets have driven this continued growth.

Thailand’s Progressive Stance on Digital Assets

This announcement aligns with Thailand’s progressive stance on digital asset regulation. The Securities and Exchange Commission (Thai SEC) recently approved USD₮ as a recognized cryptocurrency for digital asset transactions. This regulatory clarity has strengthened Thailand’s position as a regional hub for compliant, blockchain-based financial services.

Digital assets have experienced strong adoption across global markets, particularly in Asia, where demand for resilient, asset-backed digital currencies remains robust. Complementing this momentum, the country’s Deputy Prime Minister has announced plans to leverage cryptocurrencies and blockchain technology to support tourism, promoting financial inclusion for travelers in regions with limited access to traditional payment infrastructure.

Mr. Pokkhet Ratchakitprakarn, CEO of Maxbit Digital Asset Co., Ltd., commented, “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.”

The listing reflects Tether’s commitment to promoting financial inclusion and expanding global access to digital assets. By leveraging blockchain technology, Tether aims to break down traditional barriers and enable unrestricted access to opportunities across borders.

For more information on Tether Gold (XAU₮), visit the official announcement here.

Why This Matters: Impact, Industry Trends & Expert Insights

Tether Gold (XAU₮) has been officially listed on Thailand’s Maxbit exchange, marking a significant development in the adoption of tokenized gold in the region. This listing provides Thai investors with access to a gold-backed stablecoin, combining the traditional benefits of gold with blockchain technology.

A recent CryptoDnes report highlights the increasing traction of gold-backed stablecoins as investors seek alternative stores of value amid economic uncertainty. This aligns with the listing of Tether Gold on Maxbit, as it offers a hedge against inflation and economic instability.

Recent Blockhead insights suggest that Thailand’s regulatory environment is becoming more open to stablecoins, which could enhance the adoption of tokenized gold products like Tether Gold. This supports the notion that the Thai market is poised to benefit from increased transparency, security, and liquidity in gold investments.

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