YieldFi provides issuance and distribution infrastructure for tokenized yield vaults, with real-time yield and risk metrics.
Ethena USDtb
Ethena USDtb serves as a digital dollar backed by tokenized treasury funds, including BlackRock's BUIDL fund.
About Ethena USDtb
Ethena USDtb is a digital dollar token with reserves invested in tokenized treasury funds, including BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), which invests in cash and U.S. Treasury bills and notes. It is created and managed by Ethena Labs and offers a direct onchain mint and redeem mechanism available 24/7.
It is designed for use across DeFi, as collateral on centralized exchange and prime broking venues, and for direct access by institutions. The site provides monthly attestations and live dashboards of reserves, and notes the underlying BUIDL fund limits transfers to whitelisted investors under KYC/AML standards.
Key features
- Backed by tokenized treasury assets including BlackRock's BUIDL fund
- Onchain mint and redeem mechanism available 24/7 on demand
- Usable as collateral on centralized exchanges and prime broking venues
- Composable across DeFi and money markets like Aave, Morpho, Euler, Fluid
- Monthly attestations and live dashboards of reserves
- Smart contracts reviewed in audits by external firms
Best for: Institutions and DeFi users seeking a dollar token backed by tokenized treasury assets with onchain mint and redeem access.
Good for
- Backed by short-duration treasury assets including BUIDL
- Onchain mint and redeem access available 24/7
- Publishes monthly attestations and live reserve dashboards
Watch out for
- Underlying BUIDL fund only permits transfers to whitelisted investors under KYC/AML standards
Ethena USDtb at a glance
- Website
- usdtb.money
- Category
- Crypto & Blockchain › DeFi Protocols
- Type
- Website
- Pricing
- Not confirmed. Check the site
- Platforms
- Web
- Open source
- Not stated
- Language
- English
- Last checked
- Oct 5, 2026 · Online when checked
- Listed
- Oct 5, 2026
Ethena USDtb alternatives
Tools and sites you could use instead, ranked by how closely they match.
BounceBit Prime structures positions in Franklin Benji and BlackRock BUIDL, then deploys holdings as collateral for yield strategies.
USYC is a tokenized money market fund from Circle, with 24-hour access and near-instant redemptions into U.S. dollars described on its page.
Ondo offers tokenized real-world assets on-chain, including institutional financial products and tokenized portfolios.
Current Finance connects yield originators with onchain capital for tokenized yield from real economy assets on Sui.
On Ethereum, Ethena USDe operates as a synthetic dollar protocol with a dollar-denominated rewards instrument called the Internet Bond.
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Ethena USDtb FAQ
What backs USDtb?
Short-duration treasury assets, with reserves invested in tokenized funds including BlackRock's BUIDL, which holds cash and U.S. Treasury bills and notes.
How can USDtb be minted or redeemed?
Through a direct onchain mint and redeem mechanism described as available on demand 24/7.
Where can USDtb be used?
Across DeFi, as collateral on centralized exchange and prime broking venues, and by supplying it to money markets such as Aave, Morpho, Euler, and Fluid.
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