Theo Taps Gold Futures for Yield-Bearing Stablecoin Amid $100 Million Raise

In brief

• Theo has raised $100 million for a stablecoin that’s tied to gold prices.
• The company expects thUSD to generate yield from its underlying asset, as well as futures positions on trading platforms like Hyperliquid.
• The token represents a novel attempt to supplant stablecoins that derive…