scudo

According to official news, Tether Gold announced the launch of a new unit of measurement, Scudo, which provides a new and intuitive way to measure the value of on-chain gold. 1 Scudo is defined as equivalent to 1/1000 XAUT (gold ounce), offering users a more practical and operable way for small transactions, making it easy to send and receive on-chain gold.Tether stated that this move will enhance the everyday usability of gold digital assets, providing investors and traders with a more flexible operating experience.

According to the official blog, stablecoin issuer Tether has announced the launch of Scudo, a new accounting unit for the tokenized gold product Tether Gold (XAU₮), aimed at making gold a universally accessible means of payment.Tether defines one Scudo as one thousandth of a troy ounce of gold (or one thousandth of XAU₮), allowing Tether Gold to achieve clearer price labeling, more convenient transfers, and a more intuitive use of gold value. Users no longer need to send or price assets in the complex decimal fractions of XAU₮, but can trade in whole Scudo or fractional Scudo units, which not only makes gold a more practical means of storing value but also facilitates its use as a medium of exchange.Tether Gold is still fully backed by physical gold stored in secure vaults, and ownership can be verified on-chain through Tether's asset tracking tools. Scudo does not change the structure or underlying support of XAU₮, but rather provides a simpler way to measure and trade gold value, especially in the context of rising prices.