【BitPush】Tether has made another move. This time, they’ve launched a new accounting unit called Scudo for their tokenized gold product XAU₮.
To put it simply, one Scudo equals one-thousandth of a troy ounce of gold (or one-thousandth of XAU₮). Why introduce this? It primarily solves a practical problem: as gold prices continue to rise, quoting XAU₮ in decimals has become increasingly cumbersome and unintuitive. With Scudo, users can trade directly in whole numbers or simple fractional units without dealing with endless decimal points.
This seems like a minor change, but its impact is quite significant. First, gold price quotations become clearer. Second, transfers become more convenient and trading more intuitive. This means gold becomes more practical both as a store of value and as a medium of exchange — in other words, it makes it easier for ordinary users to use gold for payments and asset allocation.
It’s important to emphasize that Scudo is essentially just a new pricing method; the underlying structure of XAU₮ remains unchanged. It’s still fully backed by physical gold stored in secure vaults, and ownership can be verified in real-time on-chain through Tether’s asset tracking tools. Simply put: Scudo makes gold more usable, but the authenticity and security of the gold remain intact.
TetherはScudoの新しい価格単位を導入し、トークン化された金の取引をより便利にします
【BitPush】Tether has made another move. This time, they’ve launched a new accounting unit called Scudo for their tokenized gold product XAU₮.
To put it simply, one Scudo equals one-thousandth of a troy ounce of gold (or one-thousandth of XAU₮). Why introduce this? It primarily solves a practical problem: as gold prices continue to rise, quoting XAU₮ in decimals has become increasingly cumbersome and unintuitive. With Scudo, users can trade directly in whole numbers or simple fractional units without dealing with endless decimal points.
This seems like a minor change, but its impact is quite significant. First, gold price quotations become clearer. Second, transfers become more convenient and trading more intuitive. This means gold becomes more practical both as a store of value and as a medium of exchange — in other words, it makes it easier for ordinary users to use gold for payments and asset allocation.
It’s important to emphasize that Scudo is essentially just a new pricing method; the underlying structure of XAU₮ remains unchanged. It’s still fully backed by physical gold stored in secure vaults, and ownership can be verified in real-time on-chain through Tether’s asset tracking tools. Simply put: Scudo makes gold more usable, but the authenticity and security of the gold remain intact.