BiyaPay Analyst: Tether Launches Gold Micro-Unit Scudo, Accelerating the Adoption of On-Chain Gold Trading

BlockBeats News, January 8, recently Tether announced the introduction of a new measurement unit "Scudo" for its gold token XAUT. 1 Scudo is equal to 1/1000 troy ounce of gold, which is about $4.48 at the current price, significantly lowering the threshold for gold participation. Data shows that the market capitalization of XAUT has reached approximately $2.3 billions, and the tokenization of gold is rapidly moving towards everyday trading and payment scenarios.

BiyaPay analysts pointed out that gold assets are deeply integrating with stablecoins and crypto trading, and in the future will appear more frequently in both trading and hedging allocations. BiyaPay currently supports direct trading of USDT for US stocks, Hong Kong stock futures and spot contracts, as well as trading in gold and other precious metals. Users can simultaneously allocate crypto assets, gold, and global capital markets within the same account, seizing the new trend of parallel development of "digital gold + financial assets".