Theo will launch a $100 million gold-backed interest-bearing stablecoin, thUSD, for pre-deposits tomorrow.

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According to Foresight News , the on-chain financial market platform Theo will launch a $100 million pre-deposit for its gold-backed interest-bearing stablecoin thUSD Genesis Vault via Concrete on March 10. thUSD is built on the tokenized gold product thGOLD, earning interest by lending gold to retailers and hedging gold futures on platforms such as CME to construct a delta-neutral position.

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