Tokenization platform Theo has introduced thUSD, a yield-generating stablecoin backed by gold, with a funding pool capped at $100 million. The stablecoin is backed by Theo's gold token, thGOLD, and employs a cash arbitrage strategy by holding physical gold while shorting gold futures to generate returns. Previously, Theo secured $15.5 million in funding led by Hack VC and Anthos Capital.