【BitPush】Tether has new moves again. This time they’ve launched a new accounting unit called Scudo for their tokenized gold product XAU₮.
Simply put, one Scudo equals one thousandth of a troy ounce of gold (or one thousandth of XAU₮). Why introduce such a thing? The main reason is to solve a practical problem: as gold prices continue to rise, quoting XAU₮ in decimals has become increasingly complex and unintuitive. With Scudo, users can trade directly in whole numbers or simple fractional units without having to stare at countless decimal points.
This seems like a small change, but the actual impact is quite significant. First, gold price quotes are now 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 plain terms, 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₮ hasn’t changed. It’s still backed 1:1 by physical gold stored in secure vaults, and ownership can be verified in real-time on-chain through Tether’s asset tracking tools. To put it bluntly: Scudo makes gold more useful, but the authenticity and security of the gold haven’t been compromised.
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Tether meluncurkan satuan penilaian baru Scudo, membuat perdagangan emas tokenisasi menjadi lebih mudah
【BitPush】Tether has new moves again. This time they’ve launched a new accounting unit called Scudo for their tokenized gold product XAU₮.
Simply put, one Scudo equals one thousandth of a troy ounce of gold (or one thousandth of XAU₮). Why introduce such a thing? The main reason is to solve a practical problem: as gold prices continue to rise, quoting XAU₮ in decimals has become increasingly complex and unintuitive. With Scudo, users can trade directly in whole numbers or simple fractional units without having to stare at countless decimal points.
This seems like a small change, but the actual impact is quite significant. First, gold price quotes are now 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 plain terms, 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₮ hasn’t changed. It’s still backed 1:1 by physical gold stored in secure vaults, and ownership can be verified in real-time on-chain through Tether’s asset tracking tools. To put it bluntly: Scudo makes gold more useful, but the authenticity and security of the gold haven’t been compromised.