US EditionTether Pushes Tokenized Gold Toward Payments With Scudo
15 Articles
15 Articles
Zero Hedge
decrypt.coStablecoin Titan Tether Wants Gold To Be Used For Everyday Payments—Here's How
Stablecoin Titan Tether Wants Gold To Be Used For Everyday Payments—Here's How Authored by André Beganski via decrypt.co, In brief Tether introduced the term Scudo on Tuesday to represent 1/1,000th of a troy ounce of gold. The stablecoin issuer thinks the term could bolster gold’s use in payments. Tether issues a gold-backed token, XAUT, and holds nearly $17 billion worth of gold. Tether moved to establish a new unit of account for gold on Tuesd…
Tether Launches Scudo to Unlock Fractional Gold Ownership on the Blockchain
TL;DR Tether launched Scudo as a new unit of account for XAUT, redefining how gold value is expressed and transferred on-chain. Each Scudo represents one-thousandth of a troy ounce and of one XAUT, allowing the use of whole numbers and simplifying digital pricing and payments. The backing remains unchanged: XAUT continues to be fully supported by physical gold held in Swiss vaults. Tether introduced Scudo, a new unit of account for XAUT, its go…
Tether Launches New Scudo Unit to Make Digital Gold Payments and Transfers Simpler for Users
Scudo lets users price and transfer digital gold using smaller units that are easier to understand and use daily. Tether kept XAUT fully backed by physical gold while only changing how value is measured onchain. Smaller gold units may support wider use of tokenized gold in payments lending and settlements. Tether has launched a new fractional unit for Tether Gold to simplify pricing, transfers, and everyday on-chain use. The update comes with a …
Tether has just launched Scudo, a tiny unit indexed to its XAUT tokenized gold. The ambition holds in one sentence: making gold as handy as Bitcoin. Not by changing the nature of the metal, but by changing its mental format. The Tether Scudo wants to make gold as accessible as Bitcoin appeared first on Cointribune.
Tether Introduces Scudo: Simplifying Gold Transactions In A Digital Era
Tether has announced the launch of Scudo, a new unit of account for Tether Gold, known as XAU₮. This is in the wake of record-breaking prices experienced by gold. Inflation and uncertainties about changes in the interest rate environment and growing geopolitical tensions have influenced the adoption of the safe-haven asset. Gold has been the most affected by this trend. Gold’s rise in 2025 indicated greater concerns about currency reliability. C…
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