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Tether has taken a new step in the tokenized gold space—launching a new accounting unit called Scudo, specifically designed to simplify the pricing method of its XAUT product (tokenized gold).
In simple terms, it addresses the decimal calculation issues users face during transactions. The definition of Scudo is straightforward: 1 Scudo = 1/1000 ounce of gold. This design makes gold pricing more intuitive, allowing users to avoid dealing with complex decimals, making trading and settlement more seamless.
It is important to note that this new unit is only an optimization of the accounting method and does not affect the structure of XAUT itself. The underlying mechanism, regulatory compliance, and asset backing of the tokenized gold remain unchanged—it's just a more user-friendly experience. This approach is quite common—improving usability by refining the pricing unit to increase adoption.