Gate News, March 11 — On-chain financial market platform Theo announced the launch of a gold-backed interest-bearing stablecoin, thUSD, and opened a deposit pool with a cap of $100 million. As of now, the deposit pool has reached approximately 89% of its limit, with 11% remaining. The deposit window lasts for one week or until the cap is reached, with the total activity duration being six weeks. Users can deposit USDC or thBILL on the Ethereum mainnet, Arbitrum, and Stable Chain. After the event ends, deposits will be converted into thUSD based on their USD value plus all accumulated interest. The program is technically supported by Concrete. Theo disclosed that the internal annualized return for thUSD is approximately 8.3% during its operation in 2025.
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