USDtb is Ethena's Treasury-backed stablecoin, fully reserved with cash and short-term U.S. Treasury bills. A portion of its reserves are held in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). USDtb is issued by Anchorage Digital Bank under direct U.S. federal oversight as a federally regulated stablecoin supervised by the Office of the Comptroller of the Currency (OCC).

Stablecoins
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Explore issuer purchase options or request access through RWA.xyz.

Market Cap

$527.38M

+30.79%from 30d ago

Price

$1.00

0.04%from 30d ago

Holders

293,973

+0.03%from 30d ago

Monthly Transfer Volume

$644.44M

+16.08%from 30d ago

Monthly Active Addresses

548

5.84%from 30d ago

USDtb Metrics

Market Cap by Network

as of 09/18/2026

Key Facts

Name
USDtb
Ticker
USDtb
CUSIP
ISIN
Tokenization
Type
Tokenization Sponsorship
Type
Asset Manager
Asset Class
Currency
Eligible Investors
Inception Date
11/28/2024
Use Of Income
Accumulates
Management
Fees
0%
Performance
Fees
0%

Market Data

Total Value
$527,676,543
NAV
$1.00
Price
$0.9994
Token Supply
527,676,542.60
Circulating Supply
527,676,542.60
7D APY
30D APY
Holders
293,973
Trailing 30D
Active Addresses
548
Monthly
Transfer Count
5,045
Monthly
Transfer Volume
$644,442,335

Tokens

Network
Type
Tokenization
Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D
Active Addresses
Monthly
Transfer Volume
Monthly
Transfer Count
Contract Address
Native
ERC-20
482,997,077.16
Native
token-2022
44,679,241.76
Native
ERC-20
208.80
Native
ERC-20
13.88
Native
SPL
1.00

Primary Market

Eligible Investors
Non-U.S. Institutional InvestorU.S. Qualified Institutional Buyer (QIB)
Base Assets
USD
Subscription Time
Daily
Min.
Investment
Subscription
Fees
0%
Subscription Description
Anchorage Digtial Bank Clients Only
Redemption Time
Daily
Minimum Redemption Amount
Redemption
Fees
0%
Redemption Description
Anchorage Digtial Bank Clients Only
KYC Description

Service Providers

Asset Manager
Sub-Advisor

Custodian

Legal Identifier

Anchorage Digital Bank N.A.
549300JJSDEHXA1AKJ69
Crypto Custodian
Fund Administrator
Traditional Broker
Crypto Broker
Auditor
Transfer Agent
Paying Agent

Legal & Regulatory

Issuer
Anchorage Digital Bank
Issuer CIK
Domicile
United States of America Flag
United States of America
Regulatory Framework

GENIUS Act

Dispute Resolution Country

United States of America

Account
Segregation
Bankruptcy
Remote
Deposit
Insurance
Terms

Fees

Management
Fees
0%
Performance
Fees
0%
Other Fees
Redemption
Fees
0%
Subscription
Fees
0%

Holders

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holder breakdowns

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