Overview
- Scudo represents one‑thousandth of a troy ounce of gold—equal to 1/1,000 of an XAUT—and is intended to simplify small transactions, drawing an explicit analogy to Bitcoin’s satoshis.
- Tether says the feature is already live on its backend, with support rolling out in phases across compatible wallets and platforms.
- The change does not create a new token or alter XAUT’s issuance, custody, or supply, and Tether continues to report backing by specific gold bars held in secure vaults.
- XAUT’s market capitalization is reported at roughly $2.3 billion, leading the tokenized‑gold category, and coverage estimates one Scudo at about $4.48 based on recent gold prices.
- Analysts say the smaller unit could expand use in payments, lending, and cross‑border settlement, and Tether also introduced a Wallet Development Kit to help developers build self‑custodial support.