Retail investors looking for Alpha? Keep a close eye on where the big money is moving, you can’t go wrong.

This time, Stable has poured another $100 million into Theo Network, targeting the underlying asset ULTRA—a product that’s anything but simple. ULTRA is a tokenized on-chain US Treasury product by Libeara, a subsidiary of Standard Chartered, directly benchmarking against traditional finance. Theo uses it as collateral in a rather sophisticated way: ULTRA, combined with USDC as dual collateral, is ultimately minted into thBILL. This structure not only stabilizes volatility but also captures Treasury yields.

It’s worth noting that Stable had already deposited $75 million before, and now they’ve increased it to $100 million, clearly showing their confidence in this approach. The fact that traditional institutions are starting to take on-chain assets seriously is a signal that matters even more than the amount itself.