I've been getting asked a lot recently about “Who holds the money?” for thUSD
thUSD is supported by regulated, blue-chip counterparties built for institutional-grade custody
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"What actually sits underneath thUSD?”
It's the first question every allocator asks. For thUSD, the answer is specific at every layer: regulated custodians, segregated accounts, bankruptcy-remote structures, and none of it at a crypto-native venue.
We work with bluechip institutions as counterparties: Standard Chartered, Wellington Management, Fidelity International, and StoneX.
This topic is the focus of our first edition of Examining thUSD: Institutional Counterparties.
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