Tether has rolled out a new unit of account named Scudo, which is associated with its digital gold token, XAUT. This initiative is designed to make gold transactions more accessible as prices rise and institutional demand increases.
On Tuesday, Tether revealed Scudo as a unit that equals one-thousandth of a troy ounce of gold. Each Scudo corresponds to 1/1,000 of an XAUT token, Tether’s gold-backed asset, which boasts a market cap of around $2.3 billion supported by over 1,300 gold bars in custody.
This introduction intends to simplify the ownership of gold, which has been historically limited due to storage and custody challenges. While XAUT has made strides in tokenizing actual gold, Scudo seeks to further ease smaller, on-chain gold transactions.
This move aims to make gold transactions smoother on modern digital platforms instead of merely serving as a long-term value store.
Gold
Source: Paolo Ardoino
Ardoino has noted that gold stands out as ’the ultimate store of value alongside Bitcoin,’ especially after record-high bullion prices, which now exceed $4,550 per troy ounce.
In a social media update, Ardoino likened Scudo to satoshis, the smallest unit for Bitcoin.
The New Gold Rush
Precious metals reached record levels in 2025, with gold surging nearly 65% amid increasing central bank purchases and ongoing inflation worries. Silver outperformed with a rise of over 140%, hitting approximately $80 per troy ounce, showcasing a broader positive trend across metals.
Economist Peter Schiff described the price surge as a preparatory alert for what he calls ’the greatest inflation in US history,’ despite some indications that inflation might be stabilizing.
Silver Surge
Source: Peter Schiff
Gold’s rally contrasts sharply with Bitcoin, which ended the year down and showed little safe-haven appeal, especially notable during the fourth quarter following a market crash on October 10.
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