Information

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.

• WebsiteOpen website
• X channel@Theo_Network
• Category RWA
• Audits 2 Audit report 1 Audit report 2 Audit report 3
• Listed on2026-09-10

Methodology

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 purchased and leased through StoneX and Monetary Metals and hedged with CME gold futures, and is reported as thUSD. thBILL held in the reserve is also tracked by the Theo Network thBILL adapter, which is flagged doublecounted under the Theo Network parent.

Part of

Theo

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