Tokenization platform Theo announces the launch of thUSD, a yield-bearing stablecoin linked to gold, and opens a funding pool with a maximum capacity of $100 million. The stablecoin is backed by the platform's issued gold token thGOLD and generates yields through a cash arbitrage strategy that involves holding spot gold exposure while short-selling gold futures. Previously, Theo raised $15.5 million in funding led by Hack VC and Anthos Capital. (Decrypt)

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