Tharwa has officially introduced its new stablecoin, thUSD, marking a significant step in the integration of Sharia-compliant financial products within the decentralized finance (DeFi) landscape. The source notes that this development could enhance accessibility to financial services for a broader audience.
Introduction to thUSD Stablecoin
The thUSD stablecoin is uniquely backed by a diverse array of real-world assets, including:
- sukuk obligations
- gold
- real estate
This backing not only enhances its stability but also aligns with Islamic finance principles, making it an attractive option for investors seeking Sharia-compliant solutions.
Deployment on Real Finance
With the deployment of thUSD on Real Finance, users will have the opportunity to utilize this stablecoin for settlement and collateral in various DeFi applications. The focus on emerging markets highlights Tharwa's commitment to expanding access to financial services in regions that may benefit from innovative financial products.
In a notable development within the DeFi sector, World Liberty Financial has launched USD1, a new stablecoin on Kamino, enhancing liquidity in the ecosystem. This contrasts with Tharwa's recent introduction of thUSD, which focuses on Sharia-compliant financial products. For more details, see USD1 launch.
