In a significant move, Tether has launched its gold-backed token, XAUT, on Maxbit, making it the first platform in Thailand to provide access to this blockchain-based asset. As inflation concerns grow, this gold-backed stablecoin offers an appealing hedge for investors seeking stability in volatile markets. Tether’s entry into the Thai market underscores the increasing demand for commodities tied to stable digital currencies. With this launch, Tether aims to enhance its reach and provide innovative solutions to a larger audience amid economic uncertainties.