Odaily Planet Daily News Threshold Network announced that it will launch thUSD, a USD stablecoin based on tBTC, which will be launched soon. This stablecoin draws on the Liquity protocol mechanism and uses tBTC (a derivative token generated by bridging Bitcoin to Ethereum through Threshold Network's cross-chain solution) as collateral to generate thUSD, a USD stablecoin. The protocol solves the liquidity problem through protocol controlled value (PCV), which is generated by issuing initial loans to the protocol, thereby avoiding the issuance of liquidity incentive tokens to ensure the sustainable development of the protocol.