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Tether recently launched a new accounting unit for its tokenized gold, Tether Gold (XAUT) — Scudo.
The design idea behind this new unit is quite straightforward: to solve the cumbersome decimal point issues when pricing gold. Scudo defines 1 unit as 1/1000 ounce of gold, making trading and calculations more intuitive, eliminating the need to deal with complex decimal fractions.
Tether emphasizes that the introduction of Scudo does not alter the structure of XAUT itself or its underlying asset backing; it is simply an optimization in the accounting method. In simple terms, it provides a more user-friendly "measurement unit" for the existing tokenized gold, making daily trading and position calculations more convenient.
This product optimization reflects the iterative demand for tokenized assets in practical applications — as the scale of on-chain assets expands, user experience and convenience become increasingly important considerations.