The privacy network Threshold Network will launch the tBTC-based stablecoin thUSD

ChainCatcher news, the privacy network Threshold Network announced the launch of the tBTC-based stablecoin thUSD. This stablecoin draws on the Liquity protocol mechanism to generate the dollar stablecoin thUSD using tBTC as collateral. Additionally, the protocol addresses liquidity issues through protocol-controlled value (PCV).

It is reported that Threshold is a merger project between the privacy layer protocol Keep Network and the privacy infrastructure NuCypher. (source link)