Tether Introduces On-Chain Gold New Measurement Unit Scudo, Equivalent to One Thousandth of an Ounce

BlockBeats News, February 13th, according to official sources, Tether Gold has announced the launch of a new measurement unit called Scudo to provide a fresh and intuitive way to measure on-chain gold value. 1 Scudo is defined as equivalent to 1/1000 XAUT (gold ounce), providing users with a more practical and user-friendly microtransaction method, making sending and receiving on-chain gold easier.

Tether stated that this move will enhance the everyday usability of gold-backed digital assets, providing investors and traders with a more flexible operational experience.