Theo USD wallet

What is Theo USD (THUSD)?

A dollar token with gold underneath

thUSD is a dollar-denominated token from Theo, an on-chain platform for real-world-asset strategies. What sits behind it is unusual for a stablecoin: spot gold exposure paired with an offsetting short in gold futures, so the two legs cancel each other's price movement and the combined position is meant to behave like dollars rather than like metal. You are holding a claim on a hedged commodity book, not on a bank balance.

Two things follow from that for anyone keeping it in a wallet. First, plain thUSD sitting in your address is inert: it does not rebase and its quantity does not change. The mechanics that make the structure work happen inside the protocol, and the staked form, sthUSD, is a different token you receive only if you deliberately stake. If you never stake, your thUSD is simply an ERC-20 balance.

Second, the ticker is not unique. Threshold USD also goes by thUSD and also lives on Ethereum, and it is an entirely unrelated, crypto-collateralised stablecoin. Contract address settles the question; the three-letter symbol does not.

Supported networks in Tangem (1): Ethereum.

Instruments built on off-chain collateral tend to be held across long stretches rather than traded weekly. The key that controls a Tangem card is generated in its chip and stays there, a duplicate card is your recovery route, and a seed phrase is available if you prefer keeping one. A position you intend to leave untouched for a year deserves storage that asks nothing of you in the meantime.