Theo announces raising 100 million dollars to launch thUSD, a yield-bearing stablecoin backed by gold

CycleProphet · 2026-03-17T13:38:46+00:00

Tokenization platform Theo raised $100 million to launch thUSD, a gold-backed stablecoin, with reserves derived from the gold token thGOLD. thUSD will earn rewards through two categories of yields, with an estimated annualized yield of approximately 10% under favorable market conditions.

CycleProphet

2026-03-17 13:38:46

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Deep Tide TechFlow News, on March 17, according to Decrypt, tokenization platform Theo announced it has raised $100 million to launch a gold-backed stablecoin, thUSD. thUSD is pegged to the US dollar and is backed by Theo’s gold token, thGOLD, launched earlier this year in January. thGOLD is collateralized through a secured lending agreement between Theo and gold retailers such as Mustafa Gold in Singapore, and it can also generate revenue itself.

Regarding revenue sources, thUSD will earn two types of income: one from the underlying assets of thGOLD; and the other from the spread gained through shorting gold futures contracts. Theo’s Chief Investment Officer Iggy Ioppe stated that under favorable market conditions, this mechanism is expected to achieve an annualized return of approximately 10%.

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