🌕 Tether Launches "Scudo" Unit for XAUT: Making Gold Payments Practical
Tether has announced the launch of Scudo, a new accounting unit for its tokenized gold product $XAUT, aimed at redefining on-chain gold ownership.
🔺 Definition: 1 Scudo = 1/1000th of an ounce of gold (or 1/1000th of $XAUT).
📌 Key Advantages:
✅ No More Complex Decimals: Users can trade in whole Scudo units instead of cumbersome fractions like 0.001 XAUT.
✅ Medium of Exchange: This shift makes gold not just a store of value, but a practical medium of exchange for daily use.
✅ Intuitive Pricing: Enables clearer pricing and more convenient transfers for institutional and retail users.
Tether reinforces that $XAUT remains 100% backed by physical gold stored in secure Swiss vaults.
Tether has announced the launch of Scudo, a new accounting unit for its tokenized gold product $XAUT, aimed at redefining on-chain gold ownership.
🔺 Definition: 1 Scudo = 1/1000th of an ounce of gold (or 1/1000th of $XAUT).
📌 Key Advantages:
✅ No More Complex Decimals: Users can trade in whole Scudo units instead of cumbersome fractions like 0.001 XAUT.
✅ Medium of Exchange: This shift makes gold not just a store of value, but a practical medium of exchange for daily use.
✅ Intuitive Pricing: Enables clearer pricing and more convenient transfers for institutional and retail users.
Tether reinforces that $XAUT remains 100% backed by physical gold stored in secure Swiss vaults.