News Explorer — Tether Debuts 'Scudo' to Measure Micro Units of Gold

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Jan 6, 10:27 pm

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Tether Debuts 'Scudo' to Measure Micro Units of Gold

Tether introduced Scudo, a new unit of account for gold, equating one Scudo to one-thousandth of a troy ounce of gold. The company aims to simplify gold transactions and capitalize on the metal's demand due to inflation concerns and interest-rate uncertainty.

Tether introduced Scudo, a new unit of account for gold, equating one Scudo to one-thousandth of a troy ounce of gold. The company aims to simplify gold transactions and capitalize on the metal's demand due to inflation concerns and interest-rate uncertainty.

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