Tether Gold Makes Its Way to Thailand Through Maxbit Exchange

Tether Gold (XAUT) launches in Thailand via Maxbit, offering gold-backed digital access with 24/7 trading and no physical storage hassle. Thailand’s regulatory clarity boosts investor confidence as XAUT provides stability in a volatile digital asset environment. Tether officially launched XAUT in Thailand through a partnership with local exchange Maxbit. This is not just an ordinary launch, because for the first time Thais can buy gold in digital form, which is actually backed by physical gold. Each XAUT unit represents one troy ounce of gold stored safely in Switzerland. While the world still relies heavily on traditional precious metals, Thailand is now opening the gates to a more practical future of gold investment. Maxbit itself was only launched in late 2023 and immediately appeared aggressive. Supported by large domestic companies such as PTG Energy, Spearhead Labs, and Unit Company, this exchange has been officially registered under the supervision of the Securities and Exchange Commission of Thailand (SEC). This means that XAUT is now traded on a legal platform and has high trust from local investors. Tether Gold Offers Stability in a World of Crypto Whiplash If you have ever been dizzy because crypto prices go up and down without direction, XAUT can be a refreshing change. This asset is not created from speculation, but is built on a physical basis: gold. Interestingly, XAUT can be transacted anytime and anywhere without the hassle of storing gold bars in a safe at home. In other words, it’s gold... but with the speed and flexibility of the internet. Tether CEO Paolo Ardoino also has high hopes for the launch. In a statement, he said, “We are excited to see XAUT listed on Maxbit, becoming the first platform to offer access to a gold-backed digital asset in Thailand. Tether Gold combines the enduring value of physical gold with the efficiency and accessibility of blockchain technology, giving individuals a tool to preserve value and achieve long-term portfolio stability.” According to him, demand for reserve-based digital assets continues to grow, and XAUT is here to meet that need. However, not all of the news from Thai regulators lately has been positive. As we previously reported, in late March, the Thai SEC filed criminal charges against OKX for allegedly operating an exchange without a valid license. Not only that, nine people were also reported for promoting the platform through various online channels. On the other hand, this shows that Thailand is serious about regulation, which is good news for investors who want to feel safe. Furthermore, the Thai government is also working on some pretty interesting plans. Finance Minister Pichai Chunhavajira recently announced that he would issue a digital investment token called G-Token worth 5 billion baht (around $150 million). This token will be used as a means of raising funds from the public in a budget loan scheme. It is possible that the presence of XAUT will be side by side with the government’s digital projects that are being developed. Besides that, on May 2, 2025, Ardoino announced that they were preparing a new US dollar-based stablecoin, specifically targeted at the domestic United States market. Of course, this is still waiting for the development of legislation there, especially regarding the GENIUS Bill which regulates permits to issue stablecoins if the company cooperates with law enforcement. Source: https://www.crypto-news-flash.com/tether-gold-makes-its-way-to-thailand-through-maxbit-exchange/?utm_source=rss&utm_medium=rss&utm_campaign=tether-gold-makes-its-way-to-thailand-through-maxbit-exchange