Tether Launches Scudo to Simplify On-Chain Gold Transactions
Tether introduced Scudo, a new unit of account for Tether Gold (XAU₮), enabling simpler, fractional gold transactions and broader accessibility in digital payments.
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used to power transactions and operations across the network. It functions as “gas,” meaning it pays for transaction fees and computational work required to execute smart contracts and decentralized applications. Beyond its utility role, Ether is also widely traded as a digital asset and investment. Its value is closely tied to activity on the Ethereum network, including DeFi, NFTs, and Web3 applications. As Ethereum evolves, Ether remains central to securing and operating the entire ecosystem.
Tether introduced Scudo, a new unit of account for Tether Gold (XAU₮), enabling simpler, fractional gold transactions and broader accessibility in digital payments.
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