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