LIVE
Institutional Yield,
Powered by
Gold
Built for onchain investors, thUSD is a yield-bearing stablecoin powered by gold markets.
GENESIS PROGRAM FILLED
Yield Source
Collateralized
How it WORKS
Delta-neutral
Gold Carry
Explained Simply.
01
Grade-A Jurisdiction Gold Leases
Theo taps into a 180 billion dollar market, originating and leasing physical gold to reputable gold retailers based in Grade-A jurisdictions.
02
CME GC Futures Hedge
Spot gold exposure is hedged using CME futures gold contracts, one of the most liquid markets in the world, to maintain delta-neutral state.
03
Delta-Neutral Basis Capture
Underlying lease and basis capture results in 5-8% real yield, delivered to users in a delta-neutral stablecoin.
Security
Infrastructure Institutions Trust
Transparent Attestations
Our onchain proof of reserves is published continuously. Every dollar of backing is verifiable in real time on our transparency dashboard.
Offchain Yield Generation
thUSD yield comes from CME gold futures, the world's deepest commodity derivatives market. Real-world carry that doesn't compress at scale.
Audited Codebase
All Theo smart contracts are independently audited before deployment. The code governing your funds has been reviewed, verified, and made public. Read all thUSD audits in our docs.
Institutional Custody
thUSD reserves are backed by tokenized assets managed by Wellington Management and Fidelity International, with infrastructure from Standard Chartered's Libeara. The same institutions trusted by global financial markets, now onchain.
BackeD By
Institutional Partners,
From Day One.
GET STARTED
Buy & Stake thUSD
and Access
the Gold Standard.
The Genesis Program filled $100M in under 24H.
Buying & Staking is now open. Deposit USDC or USDT and
receive thUSD — earning gold carry yield from day one.
