Theo thBILL (thBILL) stablecoin analytics
Answer First
What is Theo thBILL (thBILL)?
Theo Network's NAV-accreting tokenized Treasury product is backed by a diversified basket of Wellington/Libeara ULTRA and Fidelity International FILQ funds. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates as T-bill yield accrues; KYC-gated mint/redemption processed instantly in USDC, underlying collateral settled within T+4 business days; restricted to...
Is thBILL safe?
Pharos does not assess thBILL as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. Static metadata says Theo thBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Theo thBILL (thBILL) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
thBILL is Theo's NAV-accreting tokenized Treasury product. Its reserve is now a basket of two institutional funds, Wellington/Libeara ULTRA and Fidelity International FILQ, held through tokenised wrappers, with Theo managing the allocation and publishing no current weights. FILQ may hold asset-backed commercial paper as well as government securities, so Pharos treats the whole basket as an opaque fund-share exposure rather than direct T-bill ownership. Backing is the weakest of the three pillars because of that...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Theo thBILL documentation (composition, KYC-gated mint/redemption) and Theo thBILL product page (ULTRA + FILQ basket)
- Collateral
- Tokenized units of a diversified fund basket comprising Wellington/Libeara ULTRA and Fidelity International FILQ, with allocation managed by Theo and weights undisclosed; FILQ may hold government securities and asset-backed commercial paper
- Peg Mechanism
- NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates as T-bill yield accrues; KYC-gated mint/redemption processed instantly in USDC, underlying collateral settled within T+4 business days; restricted to institutional and non-U.S. accredited investors
- Jurisdiction
- Panama
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety thbill-theo
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
thBILL quick answers
What is Theo thBILL (thBILL)?
Theo Network's NAV-accreting tokenized Treasury product is backed by a diversified basket of Wellington/Libeara ULTRA and Fidelity International FILQ funds. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting token (not pegged to $1); price launched at ~$1.00 and appreciates as T-bill yield accrues; KYC-gated mint/redemption processed instantly in USDC, underlying collateral settled within T+4 business days; restricted to...
Is thBILL safe?
Pharos does not assess thBILL as safe: it holds a D Safety Score grade (47/100) in the latest published rating, which flags significant structural risk. Static metadata says Theo thBILL uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs thBILL?
Pharos classifies thBILL backing as Real-World Asset Backed. Collateral, per the static profile: Tokenized units of a diversified fund basket comprising Wellington/Libeara ULTRA and Fidelity International FILQ, with allocation managed by Theo and weights undisclosed; FILQ may hold government securities and asset-backed commercial paper Reserve evidence: live reserve feed configured.
Can thBILL be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for thBILL, when applicable, appear in the dossier below.
