The post Tether Introduces Scudo: Making Gold Easy to Trade appeared first on Coinpedia Fintech News Tether has launched Scudo, a new unit of account for its goldThe post Tether Introduces Scudo: Making Gold Easy to Trade appeared first on Coinpedia Fintech News Tether has launched Scudo, a new unit of account for its gold
Tether Introduces Scudo: Making Gold Easy to Trade
The post Tether Introduces Scudo: Making Gold Easy to Trade appeared first on Coinpedia Fintech News
Tether has launched Scudo, a new unit of account for its gold-backed token, Tether Gold (XAU₮), to simplify pricing and usage of digital gold. One Scudo equals 1/1000 of a troy ounce of gold, a change aimed at smoother everyday transactions and clearer values on chain. This new unit does not change XAU₮’s structure or physical backing. Gold remains fully backed in secure vaults with on-chain proof. Scudo is designed to bring gold closer to real-world use, not just long-term holding.
Market Opportunity
Polytrade Price(TRADE)
$0.05823
$0.05823$0.05823
USD
Polytrade (TRADE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
pump.fun transferred another 148 million USDC and USDT obtained through the ICO sale of $PUMP to Kraken.
PANews reported on January 13 that, according to on-chain analyst Yu Jin, pump.fun transferred another 148 million USDC and USDT obtained through the ICO sale of
Share
PANews2026/01/13 08:20
Strategy’s Saylor Explains Why OGs Are Selling Bitcoin
The post Strategy’s Saylor Explains Why OGs Are Selling Bitcoin appeared on BitcoinEthereumNews.com. “Bitcoin rich, fiat poor” Reducing volatility According to Strategy co-founder Michael Saylor, Bitcoin O.G.s are responsible for the recently observed selling pressure. “Right now, I think that the selling is [done by] crypto OGs that have had a lot of money for a long time,” he said during a recent podcast appearance. Moreover, the market is absorbing all these coins and building its support level. “Bitcoin rich, fiat poor” During his podcast appearance, Saylor explained why long-term holders are suddenly selling their holdings. “You’ve got a lot of people that own a lot of Bitcoin, but they can’t get a loan against it. And because they can’t get a loan against it, the only, you know, at the point that you all of a sudden find yourself Bitcoin rich, but fiat poor, you don’t have a lot of dollars, but you have a lot of Bitcoin, and you can’t borrow against it, then you think, I have to go sell it,” Saylor explained. You Might Also Like According to Saylor, Bitcoin resembles a Magnificent 7 startup, where all of a sudden all the employees got insanely rich on penny stock options, but they can’t borrow against them, so they have to sell them. However, this does not necessarily mean that they have no confidence in the company. “It’s just they have kids to go to college. They want to buy a house right they want to live comfortably,” Saylor said. Reducing volatility According to Saylor, Bitcoin O.Gs selling as “much as they need” is actually beneficial for BTC since it helps to reduce the volatility of the leading cryptocurrency. This will ensure that institutions will feel more comfortable when entering BTC. “You want the volatility to decrease so the mega institutions feel comfortable entering the space in size,” Saylor explained. Source:…
Share
BitcoinEthereumNews2025/09/20 19:02
Wormhole token soars following tokenomics overhaul, W reserve launch
Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
Share
Coinstats2025/09/18 02:41