Tether Launches Scudo Gold Unit to Meet Institutional Demand
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- New Unit Launch: Tether introduced a new accounting unit called Scudo on Tuesday, designed to lower barriers for fractional gold ownership through blockchain technology, with each Scudo representing one-thousandth of a troy ounce of physical gold to meet rising institutional demand.
- Market Capitalization: Scudo is backed by over 1,300 gold bars with a market capitalization exceeding $2.3 billion, aiming to simplify smaller on-chain transactions and enhance gold's transactability on digital infrastructure rather than serving solely as a long-term store of value.
- Surge in Gold Prices: Gold prices surged approximately 65% in 2025, reaching a historic high of $4,550 per troy ounce, driven by de-dollarization efforts, aggressive central bank purchases, and persistent inflation concerns, highlighting strong investor demand for traditional safe-haven assets.
- Market Response: Despite Bitcoin's weaker performance in the same year, Tether's new product Scudo reflects a rising interest in tokenized gold, with the sector's market capitalization approaching its late-2025 peak, indicating an increasing demand for on-chain exposure to safe assets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
