Tether launches "Scudo", the digital gold sat
Tether introduced Scudo, a new fractional unit linked to its gold token XAUT.
Each Scudo represents one-thousandth of an ounce of gold, enabling even finer fractioning of gold ownership and facilitating small digital transactions, similar to satoshis in Bitcoin. The initiative comes at a time of strong institutional demand and record-high gold prices. With this unit, Tether aims to make gold more accessible and usable within the crypto ecosystem, not just as a store of value, but also as a practical asset for everyday use on the blockchain.
Tether introduced Scudo, a new fractional unit linked to its gold token XAUT.
Each Scudo represents one-thousandth of an ounce of gold, enabling even finer fractioning of gold ownership and facilitating small digital transactions, similar to satoshis in Bitcoin. The initiative comes at a time of strong institutional demand and record-high gold prices. With this unit, Tether aims to make gold more accessible and usable within the crypto ecosystem, not just as a store of value, but also as a practical asset for everyday use on the blockchain.