Tether: Launches XAUT-Backed Visa Card
Tether and Fasset launch Visa card with 6% XAUT cashback; XAUT trades at $4418.44 on bearish 4h structure with EMA50 resistance at $4483.8.
SourceAnalysis
Tether and Fasset launched a Visa card that converts XAUT to USD₮ then fiat at checkout while delivering up to 6% cashback in tokenized gold and sweeping spare change back into XAUT.
Price action on the 4h chart shows XAUT at $4418.44 beneath both the EMA50 at $4483.8 and EMA200 at $4560.63, confirming the bearish trend structure; with RSI(14) at 33.4 still neutral and MACD printing a death cross at -19.46, any near-term bounce will likely stall at the upper Bollinger Band of $4536.83 before a retest of lower-band support at $4406.31. Traders watching XAUT price prediction models now factor the new card’s spend-and-earn loop as incremental demand that could cushion downside into the next macro window, distinct from broader crypto market crash scenarios that have left gold-backed tokens relatively insulated over the past six months.
Paolo Ardoino
@paoloardoinoPaolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,