UQUID, a Web3 shopping infrastructure provider, has announced a new initiative allowing users in emerging markets, particularly in Thailand, to redeem the tokenized gold asset Tether Gold ($XAUT) for real, physical gold. This move aims to bridge the gap between digital assets and traditional wealth storage, targeting regions where physical gold is deeply ingrained in culture as a symbol of security and long-term savings.
The program is specifically designed for areas in Southeast Asia, South Asia, parts of Africa, and LATAM, with a highlighted focus on Thai provinces like Phayao and Chiang Rai. UQUID rewards users with $XAUT tokens, which are then convertible into physical gold bars through a partnered bullion provider. The company emphasizes that this provides a "meaningful, secure asset" for users who may find traditional gold ownership financially out of reach.
"Gold was always around us, but owning it wasn't something I ever expected for myself. It was just expensive, out of reach," shared Tyla, a user cited in the announcement, illustrating the cultural and economic barrier the service aims to lower. The initiative leverages the growing use of dollar-pegged stablecoins like USDT for remittances and everyday transactions in these regions.
This development occurs against a backdrop of a surging gold market. In 2025, gold prices have rallied roughly 60%, breaking the $3,000 and $4,000 milestones for the first time. Tether Gold (XAUT) is a leading gold-backed token, with each token representing one fine troy ounce of physical gold held in reserve by Tether. As of the report, XAUT has a market capitalization of approximately $2.1 billion, tokenizing about 16.2 tons of gold.
Analysts project continued strength for gold into 2026. The algorithmic forecast from CoinCodex anticipates a peak around $6,400, while a Goldman Sachs survey of institutional clients showed 36% predict a $5,000 price target. Analysts from JPMorgan and HSBC also expect prices to surpass $5,000 next year, driven by factors like central bank demand and anticipated Federal Reserve rate cuts.
