Wu Blockchain (@WuBlockchain): Tether has announced the launch of Scudo, a new unit of account for its tokenized gold, Tether Gold (XAU₮). Scudo simplifies gold pricing by defining…
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Tether has announced the launch of Scudo, a new unit of account for its tokenized gold, Tether Gold (XAU₮). Scudo simplifies gold pricing by defining 1 Scudo as 1/1000 of a troy ounce of gold, making it more intuitive and practical for everyday transactions. Tether stated that Scudo does not alter the structure or backing of XAU₮, which remains fully backed by physical gold stored in secure vaults, with ownership verifiable on-chain through Tether’s asset tracking tools. http://tether.io/news/tether-introduces-scudo-redefining-fractional-gold-ownership-onchain/