Odaily Odaily that tokenization platform Theo has announced the launch of its gold-related yield-generating stablecoin, thUSD, and opened a liquidity pool with a maximum capacity of $100 million. The stablecoin uses its issued gold token, thGOLD, as reserves and generates returns through a cash arbitrage strategy that involves holding spot gold exposure while simultaneously short gold futures. Previously, Theo secured $15.5 million in funding led by Hack VC and Anthos Capital. (Decrypt)
Theo, a tokenization platform, launches thUSD, a gold-related yield-generating stablecoin.
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