Tether Gold Goes Live at Thailand’s Maxbit Exchange
Tether, inventor of the globe’s largest stablecoin USDt, has introduced its tokenized gold product Tether Gold (XAUt) on Thai cryptocurrency exchange Maxbit. It is Tether’s formal arrival in Thailand’s digital asset industry, further committing to its strategy to expand the utility and applicability of gold-backed digital assets in Asia.
Announced on May 13, the listing allows Thai investors to buy and sell XAUt, a token pegged one-to-one to one troy ounce of gold held in secure Swiss vaults. With a market cap of $802 million today, Tether Gold gives investors a blockchain-based means to gain exposure to gold’s price without giving up the convenience of a digital asset.
Maxbit Becomes Thailand’s First Tokenized Gold Exchange
Maxbit becomes Thailand’s first exchange to list a tokenized gold pair backed by physical gold. Rolled out in October of 2023, Maxbit is regulated under the scrutiny of the Thai Securities and Exchange Commission (SEC) and aims to make regulated access to digital assets and cryptocurrencies backed by real-world value possible.
Maxbit’s strategic shareholders include PTG Energy, Thailand’s largest energy company, with a 35% shareholding. Spearhead Labs and Unit Company own 29% and 28.7%, respectively. The strong institutional backing makes Maxbit a major player in the Thai crypto space, especially as the market matures under more transparent rules.
Regulatory Green Light for Stablecoins Paves the Way
Tether Gold’s move into Thailand follows a significant policy shift by Thai regulators. In March 2025, the Thai SEC approved the listing of US dollar-backed stablecoins like Tether’s USDt and Circle’s USDC on licensed digital asset exchanges.
This regulatory clarity set the stage for other asset-backed tokens like XAUt to spill into the market. The Thai SEC’s approval of stablecoins is a greenlight that ushers in greater trust in the role digital assets will play in the Thai financial system.
A Strategic Play for Tether in Southeast Asia
Maxbit listing of XAUt is also part of Tether’s broader strategy to expand its tokenized commodities across the globe. As demand growth for inflation-resistant, physical-value holdings keeps up, investors have a next-generation option available with Tether Gold.
By entering the Thai market, Tether is tapping into a rapidly evolving digital asset environment with strong regulatory backing. For Thai investors, the availability of XAUt offers a regulated, secure, and innovative way to diversify into gold while benefiting from the strengths of blockchain technology.
