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

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