USDtb

USDtbUSD pegStablecoin

RWA-backed stableRWA collateral

Verified Part of Ethena

Treasury-backed dollar distinct from synthetic USDe, backed by short-term Treasuries / BUIDL exposure.

Latest peg

$0.9997

Deviation

3 bps

Market cap

—

Peg health

Tight peg

Historical peg variance

Tight peg

90-day series · source: DeFi Llama

Chain distribution

Circulating supply by chain · updated 3d ago

DeFi Llama

Ethereum287.8M USDtb86.3%

Solana45.9M USDtb13.7%

Metadata

Peg targetUSD

Sub-categoryStablecoin

IssuerView network

ChainsArbitrum One

Arbitrum nativeNo

LiveLive

Founded—

Links

Website Twitter / X Audit report Arbitrum Portal

Issuance

Backing & mint/redeem mechanics per the issuer.

DeFi Llama

Peg mechanismFiat-backed

The mint and redeem contract is a smart contract defining the operations for minting and redeeming USDtb tokens based on cryptographically signed orders controlled by a single admin. EIP-712 and EIP-1271 are the signing methods currently supported. The price present in any mint/redeem orders is determined by an off-chain RFQ system, which a benefactor may accept by signing an order and submitting it to the USDtb RFQ server

Published audits

docs.usdtb.money/audits