USDtb is Ethena's Treasury-backed stablecoin, fully reserved with cash and short-term U.S. Treasury bills. A portion of its reserves are held in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). USDtb is issued by Anchorage Digital Bank under direct U.S. federal oversight as a federally regulated stablecoin supervised by the Office of the Comptroller of the Currency (OCC).

Stablecoins
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Explore issuer purchase options or request access through RWA.xyz.

Market Cap

$520.68M

▼1.67%from 30d ago

Price

$1.00

Holders

293,986

▲+0.02%from 30d ago

Monthly Transfer Volume

$237.30M

▼71.01%from 30d ago

Monthly Active Addresses

508

▼17.67%from 30d ago

USDtb Metrics

Market Cap by Network

as of 09/26/2026

Key Facts

Name
USDtb
Ticker
USDtb
CUSIP
—
ISIN
—
Tokenization
Type
Tokenization Sponsorship
—
Type
—
Asset Manager
—
Asset Class
Currency
Eligible Investors
Inception Date
11/28/2024
Use Of Income
Accumulates
Management
Fees
0%
Performance
Fees
0%

Market Data

Total Value
$520,929,215
▼
NAV
$1.00
Price
$0.9995
Token Supply
520,929,215.25
▼
Circulating Supply
520,929,215.25
▼
7D APY
—
30D APY
—
Holders
293,986
▲
Trailing 30D
Active Addresses
508
▼
Monthly
Transfer Count
4,169
▼
Monthly
Transfer Volume
$237,295,017
▼

Tokens

Network
Type
Tokenization
Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D
Active Addresses
Monthly
Transfer Volume
Monthly
Transfer Count
Contract Address
Native
ERC-20
476,189,206.81
▼
Native
token-2022
44,739,784.76
▼
Native
ERC-20
208.80
▼
Native
ERC-20
13.88
Native
SPL
1.00

Primary Market

Eligible Investors
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Base Assets
USD
Subscription Time
Daily
Min.
Investment
—
Subscription
Fees
0%
Subscription Description
Anchorage Digtial Bank Clients Only
Redemption Time
Daily
Minimum Redemption Amount
—
Redemption
Fees
0%
Redemption Description
Anchorage Digtial Bank Clients Only
KYC Description
—

Service Providers

Asset Manager
—
Sub-Advisor
—

Custodian

Legal Identifier

Anchorage Digital Bank N.A.
549300JJSDEHXA1AKJ69
Crypto Custodian
—
Fund Administrator
—
Traditional Broker
—
Crypto Broker
—
Auditor
—
Transfer Agent
—
Paying Agent
—

Legal & Regulatory

Issuer
Anchorage Digital Bank
Issuer CIK
—
Domicile
United States of America Flag
United States of America
Regulatory Framework

GENIUS Act

Dispute Resolution Country

United States of America

Account
Segregation
Bankruptcy
Remote
Deposit
Insurance

Fees

Management
Fees
0%
Performance
Fees
0%
Other Fees
—
Redemption
Fees
0%
Subscription
Fees
0%

Holders

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holder breakdowns

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