wthUSD: Wrapped Stablecoin
Status: Coming Soon - Currently in testnet development
wthUSD (Wrapped thUSD) is a new product layer that expands Tharwa's reach into global market strategies while maintaining the faith-aligned purity of the core thUSD ecosystem.
The Two-Lane Strategy
Tharwa is implementing a dual-track approach to serve different user needs:
Faith-Aligned Lane
thUSD + sthUSD: Clean, Sharia-compliant capital flows
Backed only by sukuk, real estate, gold, and compliant assets
Maintains religious and ethical alignment
Global Market Lane
wthUSD + wsthUSD: Unlocked yield potential
Access to bonds, high-performance vaults, and broader asset classes
Optimized for maximum risk-adjusted returns
How wthUSD Works
Wrapping Process
Deposit thUSD into the wrapping contract
Receive wthUSD at 1:1 ratio
Access global market vaults and non-Sharia strategies
Unwrap anytime back to thUSD
Use Cases for wthUSD
High-yield bond strategies not available to thUSD holders
Institutional-grade vaults with broader asset exposure
Complex financial instruments requiring flexible backing
Maximum yield optimization without compliance constraints
wsthUSD: Yield-Bearing Wrapped Token
wsthUSD will be the staked version of wthUSD, offering:
Enhanced yield rates from global market exposure
Broader asset backing including conventional bonds and securities
Institutional-focused strategies for maximum performance
Same instant liquidity as sthUSD
Why This Architecture Matters
Regulatory Clarity
Clear separation between compliant and non-compliant strategies
Maintains Sharia certification pathway for core products
Provides flexibility for institutional requirements
Market Expansion
Serves both faith-aligned and conventional investors
Maximizes total addressable market
Allows for specialized optimization per user segment
Risk Management
Isolates different risk profiles
Prevents cross-contamination between strategies
Enables targeted compliance and auditing
Technical Implementation
Smart Contract Architecture
Separate vault systems for each token type
Isolated backing portfolios with distinct asset policies
Seamless wrapping/unwrapping mechanisms
Unified user interface for easy navigation
Asset Allocation Differences
Sukuk
✅ Primary
✅ Allowed
UAE Real Estate
✅ Primary
✅ Allowed
Gold
✅ Primary
✅ Allowed
Oil (Capped)
✅ <3%
✅ Higher limits
Treasury Bills (T-bills)
❌ Not allowed
✅ Allowed
Government Bonds
❌ Not allowed
✅ Allowed
Corporate Debt
❌ Not allowed
✅ Allowed
Complex Derivatives
❌ Not allowed
✅ Allowed
Launch Timeline
Phase 1: Testnet (Current)
Core wrapping/unwrapping functionality
Basic vault integration testing
UI/UX development and testing
Phase 2: Mainnet Launch
Audited smart contracts deployment
Initial wthUSD vault strategies
Public access and documentation
Phase 3: wsthUSD Integration
Yield-bearing wrapped token launch
Advanced global market strategies
Institutional onboarding tools
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