Theo Expands Access to Gold-Backed Stablecoin thUSD, Aims for $1 Billion in Deposits
Theo, a tokenization platform, has expanded access to its gold-backed stablecoin thUSD in over 200 countries, aiming for $1 billion in deposits by year-end. The stablecoin's delta-neutral strategy has delivered consistent returns despite gold price volatility, and the product's yield comes from gold lending and futures arbitrage. The company's Genesis Program was oversubscribed within 24 hours.
Topics: financial product launch global expansion gold-backed stablecoin tokenization