Tether has introduced 'Scudo,' a new unit of account for its tokenized gold product, Tether Gold (XAU₮). Each Scudo represents one-thousandth of a troy ounce of gold, simplifying transactions by allowing users to trade in whole or partial Scudo units instead of complex decimal fractions of XAU₮. This innovation aims to make gold more practical as a store of value and a medium of exchange. Tether Gold remains fully backed by physical gold stored in secure vaults, with ownership verifiable on-chain.