Ethena USDtb token
Overview
Ethena USDtb is a stablecoin issued by Ethena Labs, backed by tokenized US Treasury bills via BlackRock's BUIDL fund. It serves as a real-world asset (RWA) stablecoin within decentralized finance, offering an alternative to synthetic stablecoins like USDe.
Within the DeFi Intel graph, Ethena USDtb connects to 8 tracked entities, most strongly to Ethereum, Solana, Ethena.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
issues | Ethena | 95% |
issued_by | Ethena Labs | 95% |
uses_gas_token | Converge | 95% |
backed_by | U.S. Treasury Bills | 90% |
backed_by | BUIDL | 90% |
complies_with | GENIUS Act | 85% |
Frequently asked questions
What is Ethena USDtb?
Ethena USDtb (USDTB) is a stablecoin fully collateralized by tokenized US Treasury bills, specifically through BlackRock's BUIDL fund, providing a yield-bearing, low-risk stable asset.
How does USDtb differ from Ethena's USDe?
USDe is a synthetic dollar backed by delta-neutral derivatives positions, while USDtb is a real-world asset stablecoin backed directly by US Treasury bills, offering a more traditional collateral approach.
What backs USDtb?
USDtb is backed by short-term US Treasury bills tokenized via BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), making it a fully on-chain representation of government debt instruments.
What is Ethena USDtb connected to?
In the DeFi Intel knowledge graph, Ethena USDtb is linked to 8 other tracked entities, most strongly to Ethereum, Solana, Ethena.
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