Tether has rolled out Scudo, a new denomination unit for its gold-backed Tether Gold (XAUT) token, aimed at making fractional gold transactions more intuitive onchain.
Defined as one-thousandth of a troy ounce of gold, or one-thousandth of an XAUT, Scudo allows users to price and transfer gold-backed tokens in cleaner, more readable units instead of unwieldy decimals. Tether said the structure mirrors Bitcoin’s satoshi system, which enables smaller-value transactions.
The rollout comes after a strong year for gold. Spot gold prices hit record highs in late 2025, outperforming both equities and crypto markets. That performance has driven renewed interest in tokenized gold products, whose combined market capitalization now stands near $4.3 billion.
XAUT remains the largest tokenized gold product, accounting for roughly half of the sector’s total value. Tether said Scudo is designed to enhance usability as gold-backed tokens gain traction for everyday digital settlement and savings use cases.
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