Tether Gold enters Thailand with listing on Maxbit exchange

By: bitcoin ethereum news|2025/05/14 11:30:04

Tether, issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform is the first in Thailand to offer a “tokenized gold pair backed by physical gold.” Launched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802 million, with each XAUt representing ownership of one troy ounce of gold. Thailand greenlighted stablecoins like Tether USDt in March Tether Gold’s entrance in the Thai cryptocurrency market follows other notable stablecoin-related regulatory developments in the country. In March, the Thai Securities and Exchange Commission approved US dollar-backed stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across Thailand. Launched in October 2023, Maxbit is a licensed digital asset exchange based in Thailand, operating under the oversight of the Thai Securities and Exchange Commission (SEC). Related: Crypto exchange KuCoin enters crowded Thailand market According to official SEC records, Thai energy conglomerate PTG Energy is the largest shareholder of Maxbit, with a 35% stake in the firm. Other Maxbit backers include two local private firms, Spearhead Labs and Unit Company, holding 29% and 28.7% in the digital asset business. Maxbit yet to gain market share in Thailand At the time of its Tether Gold listing, Maxbit had yet to emerge as a prominent cryptocurrency exchange in Thailand in terms of trading volumes. According to its website, Maxbit allows users to trade more than 80 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and USDT. The exchange had fewer than 300 subscribers on its X page at the time of publication. The exchange is not listed on major crypto data websites like CoinGecko and CoinMarketCap, with both sites referring to the local exchange Bitkub as the biggest Thai exchange with a market share of at least 75%. Bitkub’s biggest trading pair is the USDT/Thai baht pairing, which accounts for more than 30% of its daily trading volumes. The platform does not list any gold-backed tokens by publishing time, according to CoinGecko. Cointelegraph approached Tether and Maxbit for comment regarding the Tether Gold listing but did not receive a response at the time of publication. Magazine: Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express Source: https://cointelegraph.com/news/tether-gold-stablecoin-comes-to-thailand-with-listing-on-maxbit-exchange?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.