Delayed · last updated 5 hours ago
USDtb Price chart
Key stats
Performance
How the price moved over each period.
Supply
470.65M USDTB circulate. No maximum supply is set.
- Circulating
- 470.65M
- Total supply
- 470.65M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.01% of market cap. Thin trading; small orders can move the price.
$354.12M market cap, rank #130. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
5.4% below its all-time high of $1.06.
Largest recent swing: 0.09% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is USDtb (USDTB)?
USDtb is a US dollar stablecoin created by Ethena Labs and backed mostly by BlackRock's BUIDL, a tokenized US Treasury fund. It first launched offshore in December 2024. Since October 14, 2025, Anchorage Digital Bank, a federally chartered US bank supervised by the Office of the Comptroller of the Currency, has been the sole issuer of USDtb. Anchorage and Ethena positioned it as one of the first stablecoins built for the US GENIUS Act framework.
How USDtb works
Each USDtb is meant to be redeemable for one US dollar. The reserves are held almost entirely in BUIDL, which invests in cash, US Treasury bills and notes. Securitize tokenizes the fund, BlackRock manages it, and BNY serves as administrator and custodian.
- USDtb offers onchain direct mint and redeem, described as available around the clock.
- The underlying BUIDL fund follows KYC and AML rules and only permits transfers to whitelisted investors, so primary mint and redeem is not an open retail process.
- Most people therefore obtain USDtb on exchanges or DeFi venues rather than from the issuer.
- Ethena publishes reserve attestations and dashboards for transparency.
Ethena publishes monthly reserve attestations and live reserve dashboards, and USDtb can be supplied on lending markets such as Aave, Morpho, Euler and Fluid. Custody is spread across providers that include Anchorage, Copper and Zodia.
USDTB supply and token design
USDtb has no fixed cap. Supply is created when eligible holders mint and removed when they redeem. It exists on Ethereum and on Solana. The Ethereum contract is 0xC139190F447e929f090Edeb554D95AbB8b18aC1C, and checking it is worthwhile because lookalike tokens carry similar names. Live circulating supply is shown in the market data on this page.
Official information is on usdtb.money.
What to check before using USDTB
- USDtb is not a bank deposit. It is not FDIC insured and not guaranteed by the US government.
- The peg depends on BUIDL, so fund, custodian and issuer risk all matter, and BUIDL itself is limited to whitelisted investors.
- Redemption at par is available only to those with direct access, so market prices on exchanges can drift from one dollar in stress.
- The issuer changed to Anchorage in October 2025, and regulatory rules for stablecoins in the US are still being implemented, so terms may change.
- DeFi use adds smart contract risk when USDtb is supplied to lending markets.
USDtb project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xc13919…18ac1c - Solana:
8yXrtJ54…8i8n3T
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
USDtb market analysis
With a market capitalisation of $354.12 million, USDtb (USDTB) is classed as a small-cap asset and ranks #130 of 1,340 cryptocurrencies with a reported market cap on CryptoWave, larger than about 90.3% of them. It accounts for roughly 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $39.6 thousand of USDTB changed hands, equal to 0.01% of its market cap, which puts its trading volume ahead of about 13.2% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 5% of tracked assets.
Price action: USDTB moved −0.02% in 24 hours and −0.04% over 7 days. It outperformed Bitcoin by 2.19 percentage points over 24 hours and by 4.09 points over 7 days. Against the median tracked coin (ahead by 2.26 points on the day and ahead by 6.18 points on the week), it has been a relative strength in recent sessions.
To overtake Artificial Superintelligence Alliance (FET) just above it, USDtb would need to grow its market cap by about 0.9%; it is 1.8% larger than BitTorrent (BTT) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
USDtb FAQ
What is USDtb?
USDtb is a US dollar stablecoin created by Ethena Labs and backed mostly by BlackRock's BUIDL tokenized Treasury fund.
Who issues USDtb?
Anchorage Digital Bank has been the sole issuer since October 14, 2025. Ethena Labs created the token and launched it in December 2024.
What backs USDtb?
Reserves are almost entirely invested in BUIDL, which holds cash, US Treasury bills and notes.
Is USDtb insured?
No. It is not a deposit, is not FDIC insured and is not guaranteed by the US government.
Price history
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Historical price data is not available yet for this asset. | ||||