Theo has launched a new yield-bearing stablecoin called thUSD. Its $100 million pre-deposit pool is

Theo Launches Gold-Backed Yield Stablecoin thUSD—$100M Pre-Deposit Pool Already 89% Full

Theo just dropped a new stablecoin with a twist. thUSD is backed by gold and pays yield—and the market is already rushing in. The pre-deposit pool, capped at $100 million, is already 89% filled with 11% left. Window: one week or until full. Campaign runs six weeks total.

Users can deposit USDC or thBILL on Ethereum, Arbitrum, or Stable chain. After the campaign, deposits convert to thUSD at their USD value plus all earned yield. Powered by Concrete. Theo says thUSD yielded around 8.3% annualized during internal testing in 2025.