USDtb: BlackRock-backed stablecoin, transparent, fast, and compliant.
USDtb, launched by Ethena Labs, is a stablecoin primarily backed by BlackRock's BUIDL fund, offering enhanced stability.
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What is USDTB (USDTB)?
Ethena Labs introduced USDtb (USDTB), a stablecoin operating on the blockchain, on December 16, 2023. Its primary reserve asset is BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), accounting for 90% of its backing. This strong reliance on BUIDL is intended to give USDtb a distinct risk profile and potentially improved stability compared to competitors like USDT and USDC. Key features of USDtb include: * **Reserves and Backing:** USDtb's value is primarily secured by BlackRock's BUIDL, which holds US dollar-equivalent assets like cash, US Treasuries, and repurchase agreements. This differs from USDT, which holds a mix of assets, and USDC, which focuses on cash and US Treasury securities. * **Transparency and Regulatory Compliance:** BlackRock's involvement in USDtb's back...
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USDTB price live information
As of now, USDTB is trading at 1.0002 USD, with a 24-hour trading volume of approximately 3.68K USD. The USDTB to USD price is updated in real time. Over the past 24 hours, USDTB has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 91.43M USD. Currently, there are 91 411 181 USDTB in circulation out of a maximum supply of 91 411 181 USDTB.
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