[Theo Announces $100 Million Fundraising to Launch Gold-Backed Yield Stablecoin thUSD] Deep Tide TechFlow reports, on March 17, according to Decrypt, tokenization platform Theo announced raising $100 million to launch a gold-backed stablecoin, thUSD. thUSD is pegged to the US dollar, with reserves composed of Theo's gold token thGOLD, which was launched in January this year. thGOLD is backed by secured lending agreements between Theo and gold retailers (such as Singapore's Mustafa Gold) and can generate yields itself. In terms of yield sources, thUSD will derive income from two channels: first, from the yields of thGOLD's underlying assets; second, from arbitrage profits obtained by shorting gold futures contracts. Theo's Chief Investment Officer, Iggy Ioppe, stated that under favorable market conditions, this mechanism is expected to achieve an annualized yield of approximately 10%.