Tether launches a new on-chain gold measurement unit, Scudo, equivalent to one thousandth of an ounce

According to official news, Tether Gold announced the launch of a new unit of measurement, Scudo, which provides a new and intuitive way to measure the value of on-chain gold. 1 Scudo is defined as equivalent to 1/1000 XAUT (gold ounce), offering users a more practical and operable way for small transactions, making it easy to send and receive on-chain gold.

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