Overview
- Tether introduced Scudo as a new unit of account equal to one‑thousandth of a troy ounce, or 0.001 XAUT.
- Users can send and receive whole or fractional Scudo amounts to avoid long decimal figures in small-value gold transfers.
- Tether says backend support is live, with phased integrations to wallets and trading platforms to follow without changing existing balances.
- The company states Scudo transactions will be converted automatically to gold-weight equivalents and do not alter XAUT’s underlying structure.
- Tether compares Scudo to Bitcoin’s satoshi and says XAUT remains the largest gold-backed token by market size and liquidity, with tokenized gold near $4.3 billion.