This article explores Tether’s strategic expansion into Thailand and summarizes key characteristics of the country’s digital asset regulatory framework. 1. Tether’s Gold Token (XAU₮) Launches in ThailandOn May 13, 2025, Tether, the issuer of USDT, announced the listing of its gold-backed token (XAU₮) on Thai digital asset exchange Maxbit. Each XAU₮ token represents 1 troy ounce of physical gold. This move follows two major developments:March 10, 2025: Thailand’s SEC officially recognized USDT...

This article explores Tether’s strategic expansion into Thailand and summarizes key characteristics of the country’s digital asset regulatory framework. 1. Tether’s Gold Token (XAU₮) Launches in ThailandOn May 13, 2025, Tether, the issuer of USDT, announced the listing of its gold-backed token (XAU₮) on Thai digital asset exchange Maxbit. Each XAU₮ token represents 1 troy ounce of physical gold. This move follows two major developments:March 10, 2025: Thailand’s SEC officially recognized USDT...