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 (Not Yet Certified)

• thUSD + sthUSD: Capital flows designed with Islamic finance principles

• Backed only by sukuk, real estate, gold, and faith-aligned assets

• Building toward certification (not currently Shariah-certified)

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

1. Deposit thUSD into the wrapping contract

2. Receive wthUSD at 1:1 ratio

3. Access global market vaults and non-faith-aligned strategies

4. 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 faith-aligned and global market strategies

• Maintains certification pathway for core products (not yet certified)

• 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

Asset Type	thUSD/sthUSD	wthUSD/wsthUSD
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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Stay Updated Follow development progress and testnet announcements:

• Twitter Updates

• Discord Community

• dApp Testing