Home/ Companies/ Ethena / Anchorage Digital/ USDtb

USDtb

$483M market cap

Issued by Ethena / Anchorage Digital · reviewed 8 September 2026

Market cap: $483M -0.03% 7d
30-day trend
Volume / market cap: 0.2%
Peg drift, 30 days: 0.10%

Market data as of 8 September 2026, 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.

Last verified 2026-07-11. 1 of the 9 fields shown is recorded but not yet verified and is marked below; 3 further tracked fields are not recorded.

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

9 of 12 tracked fields recorded

Symbol	USDtb
Peg	USD
Backing	Rwa backed
Status	Active
Launched	2024
Networks	L1 EVM Ethereum L1 non EVM Solana L2 Base, Arbitrum
Specifications	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. unverified
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 · $528M total

Chain	Supply
Ethereum	$483M
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

Chain	Address
Ethereum	`0xc139190f447e929f090edeb554d95abb8b18ac1c`
Solana	`8yXrtJ54jZtE84xEBzTESKuegjcAkAuDrdAhRd8i8n3T`

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

Official site · Whitepaper

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 - 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.

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