Tether Launches Scudo Gold Unit to Meet Institutional Demand
- 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.
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Technical Analysis for XAUt
Technical Sentiment Analysis for Tether Gold (XAUt) As of , Tether Gold (XAUt) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tether Gold (XAUt) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3340.175 | 3883.323 | 4373.065 | 4916.213 | 5405.955 | 5949.103 | 6438.845 |
| Fibonacci | 3883.323 | 4277.887 | 4521.649 | 4916.213 | 5310.777 | 5554.539 | 5949.103 |
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