ChainCatcher reports that, according to the official blog, stablecoin issuer Tether has announced the launch of Scudo, a new accounting unit for the tokenized gold product Tether Gold (XAU₮), aimed at making gold a more accessible means of payment for everyone.
Tether defines one Scudo as one-thousandth of a troy ounce of gold (or one-thousandth of XAU₮), enabling Tether Gold to achieve clearer price labeling, more convenient transfers, and more intuitive use of gold value. Users no longer need to send or price assets using the complex decimal fractions of XAU₮; instead, they can trade in whole or partial Scudo units. This not only makes gold a more practical store of value but also a more convenient medium of exchange.
Tether Gold is still fully backed by physical gold stored in secure vaults, and ownership can be verified on-chain through Tether’s asset tracking tools. Scudo does not alter the structure or backing of XAU₮ but provides a simpler way to measure and trade gold value, especially in a context of rising prices.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Sources: Tether's first comprehensive financial audit may be driven by financing needs
Tether Holdings SA suspends $20 billion financing plan pending results of first comprehensive financial audit. Despite investor demands for increased financial transparency, some remain willing to support the company before the audit. Tether has engaged an accounting firm to conduct the audit.
BlockBeatNews56m ago
Tether Hires Big Four Accounting Firm to Complete Its First Audit
Cointelegraph reports that on March 24, according to official sources, Tether, the largest company in the digital asset industry, announced today that it has officially partnered with one of the Big Four accounting firms to complete its first comprehensive independent financial audit. This audit is expected to become one of the largest first-time audits in the history of financial markets. The audit covers a highly complex portfolio of assets including digital assets, traditional reserves, and tokenized liabilities.
金色财经_1h ago
Tether Pauses $20 Billion Financing Plan, Awaits First Comprehensive Financial Audit Results
Tether Holdings SA suspended its planned $20 billion financing round while awaiting results from its first comprehensive financial audit. Potential investors and bankers have been pushing for increased financial transparency, though some investors remain willing to support the company before the audit is completed.
GateNews1h ago
Tether Moves Toward Transparency With Full Audit Of Assets And Liabilities
_Tether engages a Big Four firm to conduct its first full audit covering over $184B in USDT reserves and related liabilities._
_The audit will review asset backing liquidity and internal controls to confirm USDT reserves match issued supply globally._
_USDT exceeds 550M users as Tether
LiveBTCNews3h ago
