Theo Launches Gold-Backed thUSD as Pre-Deposit Pool Nears Full Capacity

A New Era for Yield-Generating Stable Assets

Theo has officially launched thUSD, an interest-bearing stablecoin backed by physical gold reserves. This innovation blends price stability with passive income, offering a compelling alternative in the evolving digital asset landscape.

Demand Surges as Pre-Deposit Pool Reaches 89% Capacity

The $100 million pre-deposit pool has seen rapid uptake, with only 11% remaining. Open for one week or until full, the window allows users on Ethereum, Arbitrum, and Stable Chain to deposit USDC or thBILL.

• Supported assets: USDC, thBILL
• Conversion: Deposits plus accrued yield will be converted to thUSD
• Program duration: 6 weeks total
• Projected yield: ~8.3% APY based on internal 2025 simulations

Backed by Concrete’s infrastructure, the initiative emphasizes security and transparency. thUSD represents a strategic leap in redefining how stable assets can generate value within decentralized ecosystems.