Theo: Breaking the 'Permissioned' Liquidity Stalemate of U.S. Treasuries Over the past year, Circle's USYC monthly transaction volume seemingly reached $257 million, but the data reveals an awkward reality: this volume was achieved through only 36 transactions. As Theo @Theo_Network founder Iggy Loppe pointed out, this model is essentially 'TradFi running on blockchain,' rather than DeFi. Against this backdrop of inflated liquidity metrics, the market is urgently in need of a permissionless, high-frequency interactive underlying asset. ■ From 'Manual Access' to 'Permissionless Execution' Certainty The core of Theo @Theo_Network's product lies in the features of its flagship product, thBILL: permissionless. ✅ Decentralized Liquidity Unleashing: thBILL achieves true permissionless transactions through on-chain native logic, meaning assets are no longer restricted by manual reviews from a handful of institutions. ✅ Eliminating TradFi Noise: Through automated execution, thBILL transforms U.S. Treasury yields into real-time, on-chain interactive credentials. Theo Network's strategy is redefining the depth of RWA applications: ➡️ Establishing a new benchmark for compliance and efficiency ➡️ Driving RWA into its maturity phase