Scudo: Tether's solution to simplify digital gold transactions

Tether has introduced ‘Scudo’, a new denomination unit specifically designed for Tether Gold (XAU₮), addressing a market need for simplifying complex fractions in tokenized gold transactions. The challenge faced by users was the complexity of operating with intricate decimals when trading digital gold.

Design Focused on Practicality

Each Scudo equals one thousandth of a troy ounce of gold, eliminating the need to work with complicated decimal fractions. This structure allows operators to transact in whole or partial units intuitively, significantly enhancing the user experience. Tether’s goal goes beyond simplifying technical operations: it aims to position gold as a more accessible asset for both store of value and exchange functions within blockchain ecosystems.

Verifiable Physical Backing

The security of the product remains rooted in its original foundation: Tether Gold continues to be fully backed by physical gold stored in high-security vaults. Ownership verification and the correspondence between tokens and actual reserves are guaranteed through blockchain records, providing complete transparency to XAU₮ holders.

This initiative reflects Tether’s evolution in asset tokenization, adapting its products to make them more practical in decentralized markets.