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Foresight News reported that the on-chain financial market platform Theo has announced the launch of the gold-backed yield-bearing stablecoin thUSD, and has opened a pre-deposit pool with an upper limit of 100 millions USD. As of the time of writing, the pre-deposit pool has reached approximately 89% of its capacity.Theo stated that the deposit window will last for one week or until the upper limit is reached, and the total duration of the event is 6 weeks. Users can deposit USDC or thBILL on Ethereum mainnet, Arbitrum, and Stable chain. After the event ends, deposits will be exchanged for thUSD based on the USD value plus all accumulated yields. The plan is supported by Concrete, and the project team disclosed that thUSD is expected to have an annualized yield of about 8.3% during its internal operation in 2025.

Foresight News reports that the on-chain financial market platform Theo has announced the launch of the gold-backed yield-generating stablecoin thUSD, and has opened a pre-deposit pool with an upper limit of 100 millions USD. As of the time of writing, the pre-deposit pool has reached approximately 89% of its capacity.Theo stated that the deposit window will last for one week or until the cap is reached, and the total duration of the event is six weeks. Users can deposit USDC or thBILL on Ethereum mainnet, Arbitrum, and Stable chains. After the event ends, deposits will be converted to thUSD based on their USD value plus all accumulated yields. This program is supported by Concrete, and the project team disclosed that thUSD is expected to offer an annualized yield of about 8.3% during its internal operation period in 2025.

According to reports, Besser is a seasoned public relations professional who has held senior positions at several companies, including Kaiser Permanente. She left Eli Lilly last year and officially joined Hims & Hers Health last month as Chief Communications Officer, reporting to CEO Andrew Dudum.