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Tether has introduced Scudo, a new unit for its gold-backed token XAU₮ that represents 1/1000 of a troy ounce, making fractional gold holdings easier to price and use on-chain.
Scudo is meant to simplify micro-transactions and everyday transfers of tokenized gold.
The launch could broaden retail access and boost usability for gold as a digital asset.
#CryptoNews