Tether and Fasset Launch Gold-Backed Visa Card with Cashback Rewards

Tether has partnered with digital banking and investment platform Fasset to introduce a gold-backed Visa card, according to Foresight News. This card allows users to make fiat currency purchases at merchants worldwide that accept Visa, offering up to 6% cashback in XAU₮ on eligible transactions. Additionally, users can convert XAU₮ to USD₮ and then to fiat currency during transactions. The card also features an automatic roundup function, investing spare change from each transaction into XAU₮, facilitating passive gold accumulation through everyday spending.