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@Tether USDT 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.