USDtb is a USD-pegged stablecoin initially launched in December 2024 with reserves primarily invested in tokenized U.S. Treasury fund exposure. Anchorage Digital Bank became sole issuer and reserve manager in October 2025.
Key Data
| Backing | BlackRock USD Institutional Digital Liquidity Fund tokenized shares; Cash |
| Reserve Reporting | Monthly attestation |
| Redemption | Anchorage Digital states that eligible clients can mint, redeem, trade, and receive rewards for holding USDtb. The product is available only to institutions and certain high-net-worth individuals. |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2024 |
Supported Networks
Cross-Chain Supply ($776M total)
Regulatory Status
Use Cases
Overview
USDtb is a USD-pegged stablecoin initially launched in December 2024 with reserves primarily invested in tokenized U.S. Treasury fund exposure. Anchorage Digital Bank became sole issuer and reserve manager in October 2025.
Key Features
- Issued by a federally chartered U.S. national trust bank as of October 2025
- Reserves primarily invested in tokenized short-duration U.S. Treasury fund exposure
- Monthly reserve attestations under AICPA attestation standards
- Initially launched by Ethena-related entities before transition to Anchorage Digital Bank
Reserve Backing
BlackRock USD Institutional Digital Liquidity Fund tokenized shares; Cash.
Supported Networks
Available on Ethereum, Solana, Base, Arbitrum.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.