Tether introduces a new unit system for XAUT, its gold-backed token, drawing inspiration from the satoshi model that powers Bitcoin. The move reflects growing interest in fractionalizing real-world assets on blockchain networks.
The Scudo unit allows users to transact in smaller denominations of the gold-pegged token, addressing liquidity and usability concerns in asset tokenization. By mimicking Bitcoin's approach to divisibility, Tether aims to make its gold-backed instrument more practical for everyday transactions and trading.
This development highlights an interesting trend: major stablecoin and asset-backed token issuers are increasingly focused on improving technical specifications and user experience. As real-world asset (RWA) tokenization continues gaining traction in crypto markets, mechanisms like these become crucial for adoption and market efficiency.
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GetRichLeek
· 01-09 03:36
Wow, Tether is up to new tricks again. This time it's playing with small units of gold tokens... I knew RWA would definitely be the next hot spot, I've already placed a bunch of orders for Scudo.
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TopEscapeArtist
· 01-08 23:37
It's another technical analysis hype. To put it simply, it's just poor liquidity, and they have to create a new unit to rescue the market. If this MACD shows a golden cross, I'll buy the dip, but the bearish signals are too obvious.
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DeadTrades_Walking
· 01-06 21:01
The name Scudo is okay, but it seems like Tether wants to do everything... Will RWA really take off?
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BuyHighSellLow
· 01-06 20:49
ngl this Scudo unit sounds pretty good, but the real question is, would anyone actually use it to buy groceries...
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OnlyOnMainnet
· 01-06 20:44
The name Scudo is quite good; it's much more comfortable than those stiff token symbols.
Tether introduces a new unit system for XAUT, its gold-backed token, drawing inspiration from the satoshi model that powers Bitcoin. The move reflects growing interest in fractionalizing real-world assets on blockchain networks.
The Scudo unit allows users to transact in smaller denominations of the gold-pegged token, addressing liquidity and usability concerns in asset tokenization. By mimicking Bitcoin's approach to divisibility, Tether aims to make its gold-backed instrument more practical for everyday transactions and trading.
This development highlights an interesting trend: major stablecoin and asset-backed token issuers are increasingly focused on improving technical specifications and user experience. As real-world asset (RWA) tokenization continues gaining traction in crypto markets, mechanisms like these become crucial for adoption and market efficiency.