Oh, great. Tether has decided to “fix” gold by introducing a fractional unit called Scudo – because apparently, troy ounces were just too mainstream. 🙄
TL;DR (Too Long; Didn’t Read)
- Tether invented Scudo – because nothing says “innovation” like slicing gold into smaller, more confusing pieces. 🎉
- The goal? To make gold-backed tokens easier to use in everyday transactions. Or, you know, to give crypto bros another thing to tweet about.
- Don’t worry, though – this changes absolutely nothing about how XAUT works. So… why are we doing this again? 🤷♂️
Tether, in its infinite wisdom, announced Scudo – a new denomination for Tether Gold (XAUT) that’s basically gold’s version of Bitcoin’s satoshis. Because if there’s one thing the world needs, it’s more jargon.
Because Gold Was Just Too Intuitive Before
Scudo is one-thousandth of a troy ounce – because clearly, the problem with gold was that it wasn’t fractionalized enough. Now you can lose track of your wealth in even smaller increments! Progress! 🚀
Tether claims this will reduce “friction” in pricing gold. Translation: “We realized people don’t understand troy ounces, so here’s something equally confusing but with a cooler name.”
They even compared it to Bitcoin’s satoshis – because nothing screams “practical payments” like a currency where fees sometimes cost more than the transaction itself. 💸
But Wait, There’s Nothing New Here!
Tether wants you to know that Scudo changes nothing about how XAUT is backed or stored. So… it’s just a rebranding exercise? Classic. 👏
No new fees! No structural changes! Just a shiny new name to distract you from the fact that gold prices are at record highs and you still can’t afford a house. 🏠
Oh, and they threw in some buzzwords about “self-custody tools” because nothing gets the crypto crowd going like the phrase “decentralized wallet solutions.”
Meanwhile, gold prices keep climbing, XAUT’s market cap doubled (because why not?), and analysts are calling this move “revolutionary.” Sure, Jan. 😂
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2026-01-07 06:48