Tether launches a new on-chain gold measurement unit, Scudo, which is equivalent to one-thousandth of an ounce.

Tokenized gold market capitalization surpasses $6 billion: Tether and Paxos lead the digital gold investment surge

February 13 News, despite recent significant fluctuations in physical gold prices, the tokenized gold market continues to show strong growth, with a total market capitalization surpassing $6 billion. According to Dune data, since the beginning of the year, the market cap of tokenized gold has increased by over $2 billion, currently reaching $6.12 billion, with more than 1.2 million ounces of physical gold locked in, indicating that investor demand for blockchain-backed gold tokens continues to grow. Tether Gold (XAUT) maintains its leading position with a market cap of $3.5 billion, accounting for more than half of the total tokenized gold market. Tether CEO Paolo Ardoino stated that the company plans to increase its gold allocation to 10% to 15% of the overall investment portfolio and to add 27 metric tons of gold in Q4 2025 to accelerate its gold accumulation strategy. Tether has also strategically invested approximately $150 million in precious metals platform Gold.com, acquiring a 12% stake, and plans to integrate XAUT into its platform to expand gold access through both digital and traditional channels. Additionally, they are launching the Scudo measurement unit, with each unit representing 1/1000 of XAUT.