Tether introduced a new Visa card that allows users to spend fiat currency globally while earning up to 6% cashback in its gold-backed stablecoin, XAUT. The card converts USDT into local fiat at the point of sale and includes a round-up feature that invests spare change into XAUT, which is backed by physical gold reserves. Tether partnered with fintech firm Fasset to issue the card across select Asian and African markets, aiming to integrate tokenized gold into everyday payments. The rollout will proceed after regulatory and partner approvals, offering users a way to hold and spend gold-backed digital assets through established payment networks.
Cryptocurrency markets saw a general downturn with major coins like Bitcoin and Ethereum falling by 3.15% and 5.4% respectively. Other notable declines include Binance Coin (BNB) down 5.37% and Cardano (ADA) down 6.35%. Some coins like HYPE and XMR s...
Tether has partnered with Fasset to launch the first gold-backed Visa card, allowing users to spend, save, and earn tokenized gold (XAUT) globally. Cardholders get up to 6% cashback in XAUT on eligible purchases and can invest transaction round-ups i...
Prediction market traders increasingly expect bitcoin's price to drop further in 2026, with a 66% chance it falls below $55,000 and a 50% chance it dips under $50,000 before year-end. This bearish outlook is driven by heavy outflows from U.S. bitcoin...
Bitcoin's price has fallen about 12% to around $67,000, triggering a shift of capital into dollar-pegged stablecoins like USDT and USDC, which have reached multi-month dominance highs. This trend reflects growing risk aversion in the crypto market, c...
Bitcoin's recent price recovery has paused as Strategy sold 32 BTC, its first sale since 2022, to fund dividends. Although the sale is small and Strategy still holds over 843,000 BTC, it raises questions about the 'never sell' stance. User holdings o...
