According to a report from CoinMeta on February 13th, Tether Gold announced the launch of a new unit of measurement, Scudo, providing a new and intuitive way to measure the value of on-chain gold. One Scudo is defined as equivalent to 1/1000 XAUT (gold ounce), offering users a more practical and manageable way to conduct small-value transactions, making sending and receiving on-chain gold easy and feasible. Tether stated that this move will improve the daily availability of gold digital assets and provide investors and traders with a more flexible operating experience.