Tether just rolled out something interesting today — meet Scudo, a fresh denomination layer for Tether Gold (XAU₮). So here's what's happening: each XAU₮ token still represents one full troy ounce of actual physical gold in storage, but now there's a smaller unit system called Scudo that sits beneath it. Think of it like how you can break down traditional currency into cents or satoshis in Bitcoin — it's all about making the tokenized gold asset more practical and granular for different use cases and transaction sizes. The move reflects how tokenized commodities are evolving on-chain, giving holders more flexibility in how they engage with their gold exposure through Tether's platform.
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AirdropNinja
· 01-06 19:52
Oh, so this is Scudo. Finally able to split... But will anyone really trade fragments of gold?
Tether just rolled out something interesting today — meet Scudo, a fresh denomination layer for Tether Gold (XAU₮). So here's what's happening: each XAU₮ token still represents one full troy ounce of actual physical gold in storage, but now there's a smaller unit system called Scudo that sits beneath it. Think of it like how you can break down traditional currency into cents or satoshis in Bitcoin — it's all about making the tokenized gold asset more practical and granular for different use cases and transaction sizes. The move reflects how tokenized commodities are evolving on-chain, giving holders more flexibility in how they engage with their gold exposure through Tether's platform.