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Theo Taps Gold Futures for Yield-Bearing Stablecoin Amid $100 Million Raise
Summary by decrypt.co
2 Articles
2 Articles
Gold-Linked Yield Stablecoin Launches After Theo Closes $100M Vault
Tokenization platform Theo has received $100 million for a structured investment facility backing its yield-bearing stablecoin, thUSD, underscoring growing institutional appetite for digital dollars tied to alternative yield sources beyond US Treasurys. Theo co-founder Ari Pingle told Cointelegraph that the capital was committed through a structured facility known as the Genesis Vault, which reached its $100 million cap within 24 hours. The fund…
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