BlockBeats News, January 8 — Recently, Tether announced the introduction of a new measurement unit for the gold token XAUT called “Scudo,” where 1 Scudo equals 1/1000 troy ounces of gold, approximately $4.48 at current prices, significantly lowering the barrier to gold participation. Data shows that XAUT’s market cap has reached about $2.3 billion, and gold tokenization is accelerating towards everyday trading and payment scenarios.
BiyaPay analysts pointed out that gold assets are increasingly integrated with stablecoins and crypto trading, and will appear more in trading and hedging allocations in the future. BiyaPay currently supports direct trading of USDT for US stocks, Hong Kong stocks, futures, and spot contracts, as well as trading of precious metals like gold. Users can simultaneously allocate assets in cryptocurrencies, gold, and global capital markets within the same account, capturing the new trend of “digital gold + financial assets” developing in parallel.
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