Theo(@Theo_Network):"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. 🧵

2026.07.07 22:09

"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. 🧵