Banxa lists Tether Gold and USAT across 38 US states

Banxa announced on May 4, 2026 at Consensus Miami that it has listed Tether Gold (XAUT) and USAT (USA₮) on its on- and off-ramp platform. The listings make both tokens purchasable and sellable through Banxa’s network of web3, exchange and blockchain partners across the 38 U.S. jurisdictions where Banxa is licensed.

Banxa’s U.S. operations run under BNXA USA MTL Inc., and the company is registered with the Financial Crimes Enforcement Network as a Money Services Business. The new listings expand the token options available through Banxa’s U.S.-licensed rails.

Tether Gold (XAUT) is a tokenized gold product with a market capitalization of about $2.6 billion. Each XAUT token represents one fine troy ounce of physical gold that meets London Bullion Market Association standards. The broader tokenized gold sector exceeded $5.5 billion, with XAUT and Pax Gold (PAXG) together representing roughly $5 billion of that total. Gold prices rose in 2025, at one point increasing about 55% and topping $4,000 per ounce in October.

USAT is a U.S.-focused dollar-backed stablecoin introduced by Tether in January 2026. It is issued via Anchorage Digital Bank, N.A., and Cantor Fitzgerald is named as the designated reserve custodian. Tether has said USAT is designed to operate within the regulatory framework referenced by the GENIUS Act.

Stablecoins continued to grow in 2025: total circulating supply exceeded $300 billion and transaction volume surpassed $33 trillion. Market participants cite use in trading, payments and cross-border transactions, along with expanding institutional infrastructure, as factors in that growth.

Banxa said its U.S. license coverage now includes 38 states, noting it added a Pennsylvania money transmitter license in April 2026. Through its licensed on-ramp, Banxa provides access to more than 300 cryptocurrencies, including XAUT and USAT, and supports local payment methods such as ACH and wire transfers, plus Visa, Mastercard, Google Pay and Apple Pay.

Banxa is an OSL company and reported more than 400 clients using its payment and licensing network to integrate digital assets into platforms.

At Consensus Miami, Shaun Heng, Banxa’s chief growth officer, commented on the listings: “The expansion of our collaboration with Tether reflects where our partners and millions of users are heading. Gold is breaking records. US-regulated stablecoins are arriving. Banxa is already licensed across most US states and we’re active globally – we’re making it easier for our partners to offer high-demand on-chain assets, compliantly and without friction.”

Tether Gold is offered by TG Commodities, S.A. de C.V. After purchase, XAUT can be transferred to on-chain addresses; the allocated physical gold is identifiable by serial number, purity and weight and is redeemable for physical metal. Tether Investments, described as Tether’s independent investment arm based in El Salvador, deploys capital across sectors including technology and financial services.