Tokenization platform Theo announced the launch of thUSD, a yield-bearing stablecoin linked to gold, and opened a liquidity pool with a maximum allocation of $100 million. The stablecoin is backed by thGOLD, its issued gold token, and generates yields through a cash-and-carry arbitrage strategy that holds spot gold exposure while shorting gold futures. Previously, Theo raised $15.5 million in funding led by Hack VC and Anthos Capital. (Decrypt)

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