Tether has launched a new unit of measurement called "Scudo" for its gold-backed token XAUT, allowing investors to purchase gold in smaller increments. One Scudo represents 1/1000 of a troy ounce of gold, valued at approximately $4.48, making gold investments more accessible. XAUT's market capitalization has reached $2.3 billion, highlighting the growing integration of tokenized gold in everyday transactions.
BiyaPay analysts note that gold assets are increasingly merging with stablecoins and crypto trading, suggesting a rise in their use for both trading and hedging strategies. BiyaPay now supports direct USDT trading for US and Hong Kong equity futures, spot contracts, and precious metals, enabling users to manage crypto, gold, and global market positions within a single account. This development underscores the parallel growth of digital and traditional financial assets.
Tether Introduces 'Scudo' Unit for XAUT, Eases Gold Investment
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