Theo Network thUSD
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.
TVL history
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TVL by chain
Key facts
- Category
- RWA
- Chains
- 1
- Token
- —
- Oracles
- Chainlink
- Audits
- 2
- Listed
- Sep 2026
Key events
- Gold carry strategy funded
- thUSD reserve migrated to current reserve wallet
Similar RWA protocols
How this TVL is counted
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.
Frequently asked questions
What is Theo Network thUSD’s TVL?
Theo Network thUSD has $132.15M in total value locked, -0.02% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Theo Network thUSD on?
Theo Network thUSD runs on 1 chain; the most value sits on Ethereum ($132.15M).
What kind of protocol is Theo Network thUSD?
Theo Network thUSD is listed under RWA, where it ranks #11 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.