Tokenization platform Theo launches gold-related yield-bearing stablecoin thUSD

Odaily announced that the tokenization platform Theo has launched a gold-related yield-bearing stablecoin, thUSD, and opened a funding pool with a maximum capacity of $100 million. This stablecoin is backed by its issued gold token, thGOLD, as reserves, and generates yield through a cash-and-carry arbitrage strategy that holds spot gold exposure while shorting gold futures. Previously, Theo secured $15.5 million in funding led by Hack VC and Anthos Capital. (Decrypt)