Tether Introduces Scudo to Make Digital Gold More Accessible

[kevin1]

Tether has unveiled a new unit of account called Scudo, designed to lower the barrier to fractional gold ownership. Scudo represents one-thousandth of a troy ounce of gold and is directly linked to Tether’s digital gold token, allowing users to transact in much smaller denominations than traditional gold investments typically allow.

According to the company, Scudo builds on earlier efforts to modernize gold ownership by addressing long-standing issues such as divisibility and accessibility. Rather than positioning gold solely as a passive store of value, Tether says the new unit is meant to help precious metals function more smoothly within modern, on-chain financial systems.

[ed]

owning 0.001 oz of gold sounds funny until you remember that’s kinda the point