Tether launches XAUT accounting unit Scudo, aiming to redefine on-chain gold ownership
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Tether launches XAUT accounting unit Scudo, aiming to redefine on-chain gold ownership
Tether Announces Launch of Tokenized Gold XAUT Accounting Unit Scudo, Aiming to Redefine On-Chain Gold Ownership. By defining one Scudo as one-thousandth of an ounce of gold (or XAUT), Tether Gold enables clearer pricing, more convenient transfers, and more intuitive use of gold value. Users no longer need to send or price assets in complex XAUT decimal forms; instead, they can trade directly in Scudo units, whether in whole or fractional parts. This makes gold more practical not only as a store of value but also as a medium of exchange.
Navigating Web3 tides with focused insightsTechFlow news, January 6th, Tether announced the launch of the tokenized gold XAUT accounting unit Scudo, aiming to redefine on-chain gold ownership. By defining one Scudo as one-thousandth of an ounce of gold (or XAUT), Tether Gold enables clearer pricing, more convenient transfers, and more intuitive use of gold value. Users no longer need to send or price assets in complex XAUT decimal forms; instead, they can directly trade in Scudo units, whether in whole numbers or fractional parts. This makes gold more practical not only as a store of value but also as a medium of exchange.
