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Tether introduces Scudo to make gold-backed XAU₮ more transactable onchain

source-logo  cryptobriefing.com 06 January 2026 16:30, UTC
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Key Takeaways

  • Tether has launched Scudo, a new unit of account equal to one-thousandth of a troy ounce of gold, for its XAU₮ token.
  • The move comes as gold prices reach record highs and demand for gold-backed digital assets continues to surge.

Tether, the stablecoin issuer, today launched Scudo, a new initiative designed to make its gold-backed token XAUT more accessible and transactable on-chain.

XAUT is a digital token that represents ownership of physical gold stored in secure vaults. The token can be transferred to any blockchain address and redeemed for actual gold bars.

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Scudo enables fractional gold ownership on blockchain networks, with each unit representing one-thousandth of a troy ounce, making it easy to transfer and hold gold-backed assets via smart contracts.

The launch expands Tether’s gold-backed offerings by improving on-chain transaction capabilities in decentralized environments.

cryptobriefing.com