Stablecoin USDT issuer Tether continues to positively impact the web3 and blockchain industry with two significant developments announced recently.
The company has expanded access to its gold-backed stablecoin, Tether Gold (XAU₮), by listing it on Mobee, a regulated digital asset exchange in Indonesia, while also earning recognition for assisting Brazilian authorities in a major anti-money laundering operation.
These milestones underscore Tether’s commitment to financial inclusion, transparency, and combating illicit activities in the blockchain ecosystem.
On July 21, 2025, Tether announced the official listing of Tether Gold (XAU₮) on Mobee, marking a key step in expanding tokenized gold access in Southeast Asia.
Each XAU₮ token represents ownership of one troy fine ounce (31.1 grams) of physical gold, securely stored in Swiss vaults, adhering to the London Bullion Market Association’s Good Delivery standard.
By leveraging blockchain technology, XAU₮ offers investors unparalleled advantages over traditional gold investments, including 24/7 trading, low-cost transfers, and fractional ownership down to 0.000001 troy ounce.
This eliminates barriers such as high storage costs, limited accessibility, and geographical constraints, making gold investment more inclusive.
Indonesia, with its mobile-first and financially savvy population, is a promising market for digital assets.
Mobee, a platform licensed by BAPPEBTI, Indonesia’s regulatory authority, enhances this accessibility by offering ultra-low investment thresholds and features like Auto Invest.
Andrew Tjahyadikarta, CEO of Mobee Digital, emphasized the appeal of XAU₮ amid global economic uncertainty, noting:
“Gold continues to be a popular asset. XAU₮ provides Indonesians with easier access to real gold, offering lower spreads than most traditional options.”
Paolo Ardoino, Tether’s CEO, highlighted the company’s vision of democratizing gold ownership, stating:
“XAU₮ provides a secure, low-cost, and highly liquid way to hold real gold, diversifying digital portfolios.”
With over 7.7 tons of physical gold backing XAU₮ as of Q1 2025, Tether ensures transparency through real-time ownership verification and stringent compliance measures, positioning XAU₮ as the secure tokenized gold product globally.
This aligns with Tether’s broader mission to promote financial inclusion by integrating stable, verifiable digital assets into emerging markets.
Simultaneously, Tether’s proactive stance against financial crime was recognized on July 18, 2025, when it assisted the São Paulo Public Prosecutor’s Office and Brazilian Federal Police in Operation Magna Fraus.
This operation targeted a sophisticated money laundering and cyber fraud scheme that funneled funds through Brazil’s PIX instant payment system into cryptocurrencies.
Tether’s real-time blockchain forensics enabled authorities to freeze R$32 million (approximately $5.7 million USD) in USDT, alongside recovering R$5.5 million in crypto assets.
Authorities also secured a private key linked to stolen funds, which were transferred to a judicial account for further proceedings.
Tether’s collaboration with Brazilian authorities is part of its broader efforts to combat illicit activities.
The company has blocked over 5,000 wallets and frozen more than $2.7 billion in USDT tied to illicit activity, working with over 275 law enforcement agencies across 59 jurisdictions.
In 2025, Tether supported the U.S. Department of Justice in seizing $225 million in USDT linked to a “pig butchering” fraud and assisted in freezing $23 million and $9 million in separate U.S. cases.
Paolo Ardoino emphasized Tether’s unique capability, stating:
“Our ability to track transactions and freeze USDT linked to illicit activity sets us apart from traditional financial systems.”
This commitment is further reinforced by Tether’s investment in Crystal Intelligence, a blockchain analytics firm, enhancing tools like Scam Alert to flag suspicious wallet addresses in real time.
These developments highlight Tether’s focus on product development and integrity.
By listing XAU₮ on Mobee, Tether is hoping to break down barriers to gold ownership, particularly in regions vulnerable to inflation and geopolitical instability.
Concurrently, its collaboration with global law enforcement underscores a dedication to securing the digital asset ecosystem.
As Tether continues to expand its $138 billion USD₮ stablecoin and XAU₮ offerings, it remains focused on blending traditional assets with blockchain technology.