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.
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ChainChef
· 01-10 02:16
honestly tether just adding better seasoning to an old recipe... scudo's basically just plating the dish nicer, decimals were never the real bottleneck ngl
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UnluckyLemur
· 01-08 12:13
Is it the same thing again? Changing the unit can attract people?
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OvertimeSquid
· 01-07 05:56
Who can handle so many decimal points? Tether finally remembers to optimize it.
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TokenCreatorOP
· 01-07 05:54
Why make the decimal point issue so complicated? Why not just divide by 1000 directly?
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Ser_APY_2000
· 01-07 05:54
To be honest, this is just a UX optimization with no technical complexity.
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NFTFreezer
· 01-07 05:50
Are you trying to pull a fast one again? Eliminating decimal points to attract new users?
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MevSandwich
· 01-07 05:43
Ha, it's the same old trick again. Changing the company name can improve the experience?
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.