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Home/ Companies/ Ethena / Anchorage Digital/ USDtb

USDtb

$470M market cap

Issued by Ethena / Anchorage Digital · reviewed

Market cap
$470M -4.56% 7d
30-day trend
USDtb market cap trend, last 30 days: -2.8%
Volume / market cap
0.0%
Peg drift, 30 days
0.11%

Market data as of , the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

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.

01

Instrument facts

Symbol USDtb
Peg USD
Backing Rwa backed
Status Active
Launched 2024
Networks L1 EVM Ethereum L1 non EVM Solana L2 Base, Arbitrum
Use cases Settlement, DeFi collateral, Corporate treasury
Regulatory status Jurisdiction United States · License type OCC-supervised national trust bank issuance · Status Licensed · Issued 2025
02

Supply by chain

2 chains · $515M total
ChainSupply
Ethereum$470M
Solana$45M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

2 chains
ChainAddress
Ethereum0xc139190f447e929f090edeb554d95abb8b18ac1c
Solana8yXrtJ54jZtE84xEBzTESKuegjcAkAuDrdAhRd8i8n3T

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

04

Background

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

Reserve Backing

BlackRock USD Institutional Digital Liquidity Fund tokenized shares; Cash.

Supported Networks

Available on Ethereum, Solana, Base, Arbitrum.

05

Recent activity

06

Frequently asked questions

What is USDtb?

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.

How is USDtb backed?

BlackRock USD Institutional Digital Liquidity Fund tokenized shares; Cash

Which networks carry USDtb?

USDtb is recorded on 4 networks, including Ethereum, Solana, Base, Arbitrum.

What is the market capitalization of USDtb?

USDtb has a market capitalization of $470M as of 11 October 2026.

07

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. Ethena / Anchorage Digital · Methodology