Tether moved to establish a new unit of account for gold on Tuesday, as the stablecoin industry leader argued that transactions denominated in “Scudo” could simplify the precious metal’s use in everyday payments. Under the stablecoin issuer’s definition, one Scudo would equate to one-thousandth of a troy ounce of gold—as well as its XAUT token, which is valued at $2.3 billion, according to CoinGecko. The token’s market cap has nearly quadrupled over the past year. In a blog post, Tether acknowledged that d ...

Tether has launched “Scudo,” a new unit of account for Tether Gold designed to facilitate fractional transactions, making it easier to make and accept payments in gold. According to a Jan. 6 press release from Tether, one Scudo is equal to one thousandth of a troy ounce of gold or the equivalent amount of XAUT. This allows users to price assets in a manner that avoids what Tether refers to as “complex decimal fractions of XAUT.” Tether says users can transact in whole or partial Scudo units, making it p ...

吴说获悉，韩国第一大加密交易所 Upbit 将上线 XAUT 韩元、BTC 及 USDT 交易对。XAUT 与符合伦 敦金银市场协会（LBMA）"优质交割"标准的金条按 1:1 锚定。 韩国第二大加密交易所 Bithumb 将上线 XAUT 韩元交易对。 （来源：吴说） ...

RT Token Terminal 📊 (@tokenterminal)XAUT holder base continues to grow week over week. https://t.co/ulFno61iBF ...

XAUT holder base continues to grow week over week. https://t.co/ulFno61iBFPaolo Ardoino 🤖 (@paoloardoino):XAUT 🐂 ...

XAUT holders keep winning.Today's the last day to get in:https://t.co/WZ261ABd7iBitget Wallet 🩵 (@BitgetWallet):XAU₮: Gold, but made onchain by @Tether_toWe've teamed up with @Tether_APAC! Trade onchain gold & share $20,000:📊 Trade XAU₮🫳 Hold XAU₮🗓️ Dec 17-22, 19:00 UTC+8Full details: https://t.co/HC0PcMPZDl https://t.co/liMF38Wlhn ...

🚨 UPDATE: Gold-backed stablecoins have surged past $4B in market cap, tripling this year, with Tether’s XAUT and Paxos Gold now controlling nearly 90% of the sector. ...

🔥 UPDATE: Tokenized gold market cap has topped $4.2B, up 147% in six months.Tether’s XAUT and Paxos’ PAXG control nearly 90% of the market. https://t.co/QMXwDxsTmA ...

Tokenized Assets Overview - Token Terminal identifies the largest categories of tokenized assets, excluding stablecoins [1] - Tokenized funds, such as $BUIDL, represent a significant category [1] - Tokenized commodities, exemplified by $XAUT, constitute another major category [1] - Tokenized stocks, like $TSLAon, are also a notable category of tokenized assets [1]

Largest categories of tokenized assets, excluding stablecoins:1) Tokenized funds, like $BUIDL2) Tokenized commodities, like $XAUT3) Tokenized stocks, like $TSLAon https://t.co/fK08AxY5aZ ...