USDTB USDTBPrice $ 1.00

USDtb (USDTB) is a blockchain-based stablecoin launched by Ethena Labs on December 16, 2023. It is primarily backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), with 90% of its reserves invested in this fund. This backing provides USDtb with a unique risk profile and enhances its stability compared to other stablecoins like USDT and USDC.

Key Features of USDtb

• Backing and Reserves: USDtb is backed by BlackRock's BUIDL fund, which invests in assets equivalent to the US dollar, such as cash, US Treasuries, and repurchase agreements. This focused approach contrasts with USDT's mixed asset reserves and USDC's reserves mainly in cash and U.S. Treasury securities.

• Transparency and Compliance: USDtb benefits from BlackRock's oversight, enhancing its transparency and regulatory compliance, similar to USDC but unlike USDT, which has faced transparency issues.

• Usage: USDtb can be used for payments, trading, and holding value, similar to other stablecoins, but it offers faster and cheaper transactions compared to traditional fiat systems.