{"id":129138,"date":"2025-05-13T10:18:24","date_gmt":"2025-05-13T10:18:24","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129138"},"modified":"2025-05-13T10:18:24","modified_gmt":"2025-05-13T10:18:24","slug":"tether-gold-enters-thailand-with-listing-on-maxbit-exchange","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129138","title":{"rendered":"Tether Gold enters Thailand with listing on Maxbit exchange"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTether, issuer of the world\u2019s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit.<br \/>\nIn a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit.<br \/>\nAccording to an X announcement by Maxbit, the platform is the first in Thailand to offer a \u201ctokenized gold pair backed by physical gold.\u201d<br \/>\nLaunched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802 million, with each XAUt representing ownership of one troy ounce of gold.<br \/>\nThailand greenlighted stablecoins like Tether USDt in March<br \/>\nTether Gold\u2019s entrance in the Thai cryptocurrency market follows other notable stablecoin-related regulatory developments in the country.<br \/>\nIn March, the Thai Securities and Exchange Commission approved US dollar-backed stablecoins such as Tether\u2019s USDt (USDT) and Circle\u2019s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across Thailand.<br \/>\nMajor Maxbit shareholders. Source: Thai SECLaunched in October 2023, Maxbit is a licensed digital asset exchange based in Thailand, operating under the oversight of the Thai SEC.<br \/>\nAccording to official SEC records, Thai energy conglomerate PTG Energy is the largest shareholder of Maxbit, with a 35% stake in the firm. Other Maxbit backers include two local private firms, Spearhead Labs and Unit Company, holding 29% and 28.7% in the digital asset business.<br \/>\nThis is a developing story, and further information will be added as it becomes available.<br \/>\nMagazine: Finally blast into space with Justin Sun, Vietnam\u2019s new national blockchain: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/tether-gold-stablecoin-comes-to-thailand-with-listing-on-maxbit-exchange?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTether, issuer of the world\u2019s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit. In a&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129138"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129138"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129138\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129138"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}