Theo Network thUSD (-)

Informationen

thUSD is a yield-bearing stablecoin backed by thBILL (tokenized U.S. Treasury exposure) and a hedged physical-gold carry strategy; yield accrues to holders who stake into sthUSD.

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• Kanal X@Theo_Network
• Kategorie RWA
• Prüfungen 2 Prüfbericht 1 Prüfbericht 2 Prüfbericht 3
• Gelistet am2026-09-10

Methodik

thUSD TVL equals circulating thUSD supply, built from the reserve side. On-chain reserves held in the thUSD reserve wallet — thBILL (valued at thBILL contract NAV via convertToAssets, not market price), USDC and USDT — are reported as those assets. The remainder of supply is backed by physical gold and silver purchased and leased through StoneX and Monetary Metals, part of it tokenized as thGOLD and thSLVR held in the reserve wallet, with the gold position hedged with CME gold futures, and is reported as USDC — a dollar amount rather than a token balance, hence misrepresentedTokens. thBILL held in the reserve is also tracked by the Theo Network thBILL adapter, which is flagged doublecounted under the Theo Network parent.

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