Episode Details

ThUSD, a new yield-bearing stablecoin backed by a gold-linked strategy, has garnered significant interest from institutions. Launched by Theo, the stablecoin quickly filled a $100 million investment facility, with backing from firms like Hack VC and Anthos Capital. Unlike traditional gold tokens, thUSD focuses on steady yields, capturing returns from gold financing and market spreads. The strategy involves buying tokenized gold and shorting gold futures to hedge against price swings. Amid U.S. regulatory shifts, thUSD aims to generate returns through its trading structure, not issuer distributions.

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