USDtb

USDTB Price

About USDtb (USDtb)

USDtb is a digital dollar stablecoin backed by institutional-grade tokenized U.S. treasury products, designed to provide a stable on-chain representation of the US Dollar.

• The asset maintains its peg through reserves primarily composed of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).
• USDtb is managed by Ethena Labs and utilizes Anchorage Digital Bank for issuance, redemption, and reserve management.
• It is a multi-chain asset available on both the Ethereum and Solana blockchains, integrated across various decentralized finance (DeFi) protocols.

What Is USDtb

USDtb serves as a blockchain-based digital dollar that aims to offer the speed and cost-efficiency of cryptocurrency transactions while maintaining a stable value relative to fiat currency. Unlike traditional fiat currencies, USDtb can be transferred freely and without the restrictions often found in legacy banking systems.

Value moves through the system via a direct mint and redeem mechanism that exists on-chain and is available on-demand 24/7. The token is put to work as a stable medium of exchange for payments, a base pair for trading digital assets, and a reliable store of value within the broader ecosystem. It scales by utilizing tokenized treasury funds as the primary reserve asset, allowing it to accommodate growing institutional and retail demand without the practical constraints associated with traditional banking infrastructure.

What Makes USDtb Unique

• Institutional Backing: It is the first stablecoin to utilize BlackRock's BUIDL as its primary reserve asset, which represents approximately 90% of the total reserves.
• Regulatory Alignment: Through a partnership with Anchorage Digital Bank, a federally chartered crypto bank, USDtb is positioned as a federally regulated payment stablecoin.
• High Transparency: The project provides monthly attestations and live dashboards of its reserves to ensure users can verify the asset's backing at any time.
• Security Audits: The smart contracts powering the protocol have undergone multiple rigorous audits by top security firms, including Quantstamp, Cyfrin, and Code4rena.

What Can You Use USDtb for?

USDtb is pegged to the US Dollar and serves as a versatile financial tool within the digital asset ecosystem.

1. Value retention: USDtb allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the inherent volatility of the broader cryptocurrency market.
2. Yield generation: Holders can earn yield through native rewards programs on centralized exchanges like Bybit or by providing liquidity and supplying assets to decentralized money markets such as Aave, Morpho, Euler, and Fluid.
3. Cross-border settlement / value transfer: The token enables international remittances and global trade by facilitating frictionless cross-border transfers of US Dollar value on blockchain networks.
4. Collateralization: USDtb is utilized as collateral in both decentralized lending protocols and centralized exchange prime broking venues, allowing users to back borrowing or margin trading positions.

How Does USDtb Work?

USDtb operates as a fiat-backed stablecoin where each token is supported by a reserve of cash and cash-equivalents. The core of these reserves is the BUIDL token, which represents a tokenized fund investing in short-duration U.S. Treasury Bills and Notes. This institutional-grade backing is intended to provide a high level of security and liquidity for the stablecoin.

To ensure that users can exit their positions at any time, a dedicated stablecoin reserve is maintained alongside the treasury products to facilitate rapid redemptions. When a user redeems their tokens, the system processes the request on-chain, ensuring that the circulating supply always matches the value of the assets held in reserve. This mechanism is managed in coordination with professional custodians and banking partners to maintain the integrity of the US Dollar peg.

Team Info and Investors

USDtb was developed by Ethena Labs, the team responsible for creating Ethena USDe, a large-scale synthetic dollar protocol. The team consists of professionals with extensive experience in both traditional finance and digital assets, including former employees of Goldman Sachs, Wintermute, and Deribit. Issuance and reserve management are handled by Anchorage Digital Bank to ensure compliance with federal standards.

The project has secured backing from prominent institutional and venture capital investors. Major supporters include Fidelity, Franklin Templeton, Dragonfly, Binance, OKX, and Bybit, highlighting the project's deep integration within the cryptocurrency industry's infrastructure.

Where can you buy USDtb?

USDTB tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade USDtb is Bybit, where the most active trading pair USDTB/USDT has a trading volume of $477,500.06 in the last 24 hours. Other popular options include Curve (Ethereum) and Fluid (Ethereum).

What is the daily trading volume of USDtb (USDTB)?

The trading volume of USDtb (USDTB) is $26,217,822.80 in the last 24 hours, representing a 38.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for USDtb (USDTB)?

USDtb (USDTB) reached an all-time high of $1.06 and an all-time low of $0.9005. It’s now trading -5.40% below that peak and 11.00% above its lowest price.

What is the market cap of USDtb (USDTB)?

Market capitalization of USDtb (USDTB) is $735,852,141 and is ranked #81 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDTB tokens (740 Million tokens are tradable on the market today).

What is the fully diluted valuation of USDtb (USDTB)?

The fully diluted valuation (FDV) of USDtb (USDTB) is $735,852,141. This is a statistical representation of the maximum market cap, assuming total number of 740 Million ETH tokens are in circulation today.

How does the price performance of USDtb compare against its peers?

With a price decline of 0.00% in the last 7 days, USDtb (USDTB) is outperforming the global cryptocurrency market which is down -5.30%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.

How to add USDtb (USDTB) to MetaMask?

Adding USDtb (USDTB) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USDTB as a token. You can copy USDTB’s contract address (0xc139190f447e929f090edeb554d95abb8b18ac1c) and import it manually, or if you've installed MetaMask's chrome extension, add USDTB to MetaMask with one click on CoinGecko.

Add USDTB to MetaMask.