Tether has introduced Scudo, a unit equal to one-thousandth of an ounce of gold, aiming to make gold-backed on-chain transactions more accessible.
Tether launches Scudo unit for fractional Tether Gold transactions as gold hits new all-time highs near $4,500 per ounce.
These stablecoins provide an alternative way to invest in gold, and both are redeemable for physical gold bars.
Tether moved to establish a new unit of account for gold, arguing that transactions denominated in "Scudo" could simplify ...
The Chosun Ilbo on MSN
Gold-backed stablecoins surge as gold prices hit records
A salaried worker identified as Yoon purchased a virtual currency called "Paxos Gold (PAXG)" late last year. Issued by the ...
Cryptopolitan on MSN
Tether launches Scudo to simplify gold-backed token transactions
Tether has launched Scudo, a new unit designed to facilitate the use of its gold-backed digital tokens in everyday ...
Tether has introduced a new unit of account, called Scudo, for its gold-backed token Tether Gold (XAUT), as demand for ...
What is the biggest crypto news today? XAUT demand is rising as whales accumulate tokenized gold amid geopolitical risk & higher gold prices.
Tether has had a long history of questionable transparency regarding its stablecoin, and investors should be aware of it.
The stablecoin market grew to $314 billion in 2025. Here's how Tether, Ripple's RLUSD, USDC, and others ranked by actual ...
Tether purchased 26 tons of gold in Q3 2025, a larger quarterly acquisition than any reporting central bank. Its total holdings reached 116 tons, placing it among the world’s top 30 gold holders.
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