Gold token new unit launched, XAUT market capitalization surpasses $2.3 billion

【BlockBeats】Tether recently launched a new measurement unit for its gold token XAUT—Scudo. The design is quite interesting: 1 Scudo represents 1/1000 troy ounces of gold, which is approximately $4.48 based on the current gold price.

The benefits of this are obvious. Previously, the minimum unit of the gold token was relatively large, making it costly for retail investors to participate. Now, with the introduction of Scudo, the entry barrier has been significantly lowered, allowing more people to hold gold exposure at a lower cost. Data shows that the market capitalization of XAUT has already reached $2.3 billion, indicating that tokenized gold is indeed attracting capital.

More importantly, gold assets are now being closely integrated with stablecoins and crypto trading depth. Some platforms now support direct trading of US stock futures and Hong Kong stock spot using USDT, while also integrating gold and other precious metals trading. This means users can manage crypto assets, gold, and global stock markets within a single account—combining trading and hedging strategies, greatly increasing flexibility.

This trend is worth paying attention to. Gold has always been a safe haven in traditional finance. Now, after being tokenized, it is being integrated into the crypto and derivatives ecosystem, forming a new multi-asset allocation framework.