Key facts
- Tether and Fasset launched a gold-backed Visa card.
- The card allows users to spend fiat currency globally.
- Users can accumulate tokenized gold through cashback and round-ups.
- The card operates on the Visa network.
Tether and Fasset have introduced what they claim is the world's first gold-backed neobanking Visa card. This new card enables users to spend fiat currency with merchants globally. A key feature is the accumulation of tokenized gold, which can be earned through cashback rewards and automatic round-up features on purchases. The card utilizes the Visa network, ensuring its acceptance at any location that accepts Visa payments worldwide. Tether is backing the gold rewards with $1 million.