# Ethena USDtb

## One line

USDtb is a stablecoin issued by Ethena Labs, backed primarily by BlackRock's tokenized treasury fund BUIDL.

## What we do

USDtb provides a dollar-denominated digital asset whose reserves are invested in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), which holds cash, U.S. Treasury Bills, and Notes. It is accessible on-chain through a direct mint and redeem mechanism available at all times, and is integrated as collateral on centralized exchanges and prime broking venues. TradFi institutions, DeFi protocols, and exchange users are among those who can access or hold USDtb.

## Find us

- Website: https://usdtb.money
- X: https://x.com/ethena_labs

## Recent updates

- seen: 2026-09-23 — Now offers daily rewards for USDe and USDtb held in custody with Copper. · https://usdtb.money/
- seen: 2026-09-23 — Partners with Zodia Custody to offer rewards programmes for USDe and USDtb holdings. · https://usdtb.money/
- seen: 2026-09-23 — Now listed on Bybit with USDtb margin collateral offering up to 5.00% APR as of March 6th. · https://usdtb.money/ecosystem
- seen: 2026-09-23 — Now offers promotional rewards for supplying USDtb on Aave, Morpho, Euler, and Fluid via Merkl. · https://usdtb.money/
- seen: 2026-09-23 — Partners with Anchorage Digital to launch first GENIUS-compliant regulated stablecoin. · https://usdtb.money/
- 2026-09-23 — TVL $476M · https://defillama.com/chain/Ethena-USDtb

## Last updated

last_checked: 2026-09-23 (usdtb.money)

state: unclaimed

confirmed: no (drafted from the company's own public sources)

verified: no

Source: https://sindo.io/c/usdtb