As of Oct 16, 2026, Ethena USDtb (USDTB) has a market cap of $517.6m across 2 chains, most of it on Ethereum ($476.04m).
Market Cap$517.6m
Price$1
Total Circulating517.85m
Stablecoin information
USDtb is a digital dollar, otherwise known as a USD stablecoin. USDtb can be used the same way a holder would use any other dollar, whether to send and receive payments, acquire and trade assets, or to simply hold dollars.
Category:fiat-backed
Minting and Redemption
The mint and redeem contract is a smart contract defining the operations for minting and redeeming USDtb tokens based on cryptographically signed orders controlled by a single admin. EIP-712 and EIP-1271 are the signing methods currently supported. The price present in any mint/redeem orders is determined by an off-chain RFQ system, which a benefactor may accept by signing an order and submitting it to the USDtb RFQ server
Audits:
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.55% | +4.70% | -1.41% | 476.04m | ||
| 0.00% | -7.06% | -7.06% | -6.43% | 41.81m |