Tether recently launched a new accounting unit for its tokenized gold, Tether Gold (XAUT) — Scudo.
The design idea behind this new unit is quite straightforward: to solve the cumbersome decimal point issues when pricing gold. Scudo defines 1 unit as 1/1000 ounce of gold, making trading and calculations more intuitive, eliminating the need to deal with complex decimal fractions.
Tether emphasizes that the introduction of Scudo does not alter the structure of XAUT itself or its underlying asset backing; it is simply an optimization in the accounting method. In simple terms, it provides a more user-friendly "measurement unit" for the existing tokenized gold, making daily trading and position calculations more convenient.
This product optimization reflects the iterative demand for tokenized assets in practical applications — as the scale of on-chain assets expands, user experience and convenience become increasingly important considerations.
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FUD_Whisperer
· 01-10 00:40
Basically, it's just changing the units, it doesn't sound like a big deal.
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Rugpull幸存者
· 01-07 15:30
Hmm... it's the decimal point issue again. It should have been fixed long ago.
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PriceOracleFairy
· 01-07 01:53
ngl scudo's just a decimal shift with extra steps, but the real alpha here is watching how markets react to unit redenomination... liquidity fragmentation incoming?
Reply0
ExpectationFarmer
· 01-07 01:52
To be honest, this operation is quite practical. Finally, someone has thought of user experience.
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ser_we_are_early
· 01-07 01:50
Basically, it's just changing the units. The decimal point issue is really annoying. Support.
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CryptoPunster
· 01-07 01:50
Ha, is it just a matter of changing units to solve the problem? I think it's just a new disguise to continue harvesting retail investors.
Decimal points are complicated? Why not just say that retail investors in the crypto circle are bad at math?
Tether: We're just optimizing bookkeeping... Listen to how gentle that sounds, but in reality, it's just brainwashing you.
It's like turning a thousand yuan worth of burning paper into a banknote; essentially, it's still that amount of money, everyone.
Here we go again, getting cut by the "new concept" once more, smiling as we lose everything on this round.
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ForumLurker
· 01-07 01:40
Basically, it's just changing the accounting unit, there's no technical content involved.
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MevWhisperer
· 01-07 01:38
Ha, trying new tricks again? The name Scudo sounds pretty fancy, but it's just a different unit. Not bad, not bad.
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FarmToRiches
· 01-07 01:25
To be honest, the Scudo operation is quite considerate; decimal point issues are indeed annoying.
Tether recently launched a new accounting unit for its tokenized gold, Tether Gold (XAUT) — Scudo.
The design idea behind this new unit is quite straightforward: to solve the cumbersome decimal point issues when pricing gold. Scudo defines 1 unit as 1/1000 ounce of gold, making trading and calculations more intuitive, eliminating the need to deal with complex decimal fractions.
Tether emphasizes that the introduction of Scudo does not alter the structure of XAUT itself or its underlying asset backing; it is simply an optimization in the accounting method. In simple terms, it provides a more user-friendly "measurement unit" for the existing tokenized gold, making daily trading and position calculations more convenient.
This product optimization reflects the iterative demand for tokenized assets in practical applications — as the scale of on-chain assets expands, user experience and convenience become increasingly important considerations.