Banxa Expands Tether Support with Tokenized Gold and US-Backed Stablecoin

Banxa, a leading provider of embedded crypto infrastructure, has announced its continued support for Tether with the listing of two new tokens: Tether Gold (XAUT) and USAT stablecoin. The addition broadens the range of tokenized assets available to Banxa's partners and millions of users worldwide, accessible across 38 US-licensed states.

Tether Gold is a digital asset that represents ownership of one fine troy ounce of physical gold meeting London Bullion Market Association (LBMA) standards. With a market cap exceeding $2.6 billion, Tether Gold leads the tokenized precious metals sector and has seen significant growth in 2025, with prices climbing as much as 55%.

USAT stablecoin, designed for the US market, operates within the framework of the GENIUS Act and is backed by a designated reserve custodian. The growth of stablecoins continues, with total circulating supply exceeding $300 billion and transaction volume reaching over $33 trillion in 2025.