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Project Overview
Fasset is a global digital asset exchange that provides people in emerging markets with access to the digital asset space.
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Tether and Fasset Launch First Gold-Backed Visa Card
According to an official announcement, Tether has partnered with digital banking and investment platform Fasset to launch the world’s first gold-backed Visa card.
Fasset, the new stablecoin bank, closes $51 million Series B funding round
According to CoinDesk, Fasset, a Los Angeles-based stablecoin-powered digital bank, has announced the completion of a $51 million Series B funding round. Investors include Japan’s SBI Group, Investcorp, and Turkish asset management firm Arz Portföy. The valuation for this round was not disclosed. Fasset leverages stablecoin technology to power over 50 payment corridors across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in over 125 countries, with an annualized transaction volume exceeding $32 billion. The company plans to use the new funds to expand into new markets, develop lending and trade finance products, and scale its proprietary stablecoin payment and custody infrastructure—“Own Network.” Additionally, Fasset recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital banking card.