Theo launches interest-bearing stablecoin thUSD, only 11% of the 100 million USD pre-deposit pool remains

Foresight News reports that the on-chain financial market platform Theo has announced the launch of the gold-backed yield-generating stablecoin thUSD, and has opened a pre-deposit pool with an upper limit of 100 millions USD. As of the time of writing, the pre-deposit pool has reached approximately 89% of its capacity.

Theo stated that the deposit window will last for one week or until the cap is reached, and the total duration of the event is six weeks. Users can deposit USDC or thBILL on Ethereum mainnet, Arbitrum, and Stable chains. After the event ends, deposits will be converted to thUSD based on their USD value plus all accumulated yields. This program is supported by Concrete, and the project team disclosed that thUSD is expected to offer an annualized yield of about 8.3% during its internal operation period in 2025.