According to Foresight News, Threshold Network has announced the launch of a decentralized stablecoin, Threshold USD (thUSD), pegged to the US dollar and backed by Bitcoin and Ethereum. One of the features of thUSD is its lending mechanism, which allows users to obtain loans using Bitcoin and Ethereum without the burden of continuously paying interest. The platform charges a one-time loan issuance fee of 0.5%. thUSD stores all its collateral locally on the respective blockchains of Bitcoin and Ethereum.