Group 1 - Tether has launched "Scudo," a new unit of account for Tether Gold, facilitating fractional transactions and making gold payments easier [1] - One Scudo is equivalent to one thousandth of a troy ounce of gold or the equivalent amount of XAUT, simplifying asset pricing [1] - Users can transact in whole or partial Scudo units, enhancing the practicality of using gold as a medium of exchange for daily transactions [1] Group 2 - Gold reached an all-time high of $4,058.98 per ounce in October 2025, with Bitcoin also hitting a new high of $125,556 [2] - As of January 6, 2026, gold has reclaimed a price of $4,491 per ounce, maintaining its momentum from previous highs [3] - The rising gold prices and instability in the cryptocurrency market have positioned stablecoins and gold as attractive value stores for investors [4]
Tether Launches Scudo, Bringing Fractional Gold Ownership to XAUT
Yahoo Finance·2026-01-06 18:24