Ethena USDtb protocol
Overview
Ethena USDtb is a stablecoin issued by the Ethena protocol, fully backed by tokenized US Treasury bills (real-world assets). It is designed to offer a yield-bearing, fiat-pegged asset within the Ethena ecosystem, distinct from the synthetic stablecoin USDe. USDtb is primarily used as a stable store of value and for liquidity in decentralized finance applications.
Within the DeFi Intel graph, Ethena USDtb connects to 3 tracked entities, most strongly to Ethereum, ENA, Spearbit.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
supports_token | ENA | 95% |
audited_by | Spearbit | 80% |
Frequently asked questions
What is Ethena USDtb?
Ethena USDtb is a stablecoin pegged to the US dollar, backed by tokenized US Treasury bills (real-world assets), issued by the Ethena protocol.
How does USDtb differ from USDe?
USDtb is backed by real-world assets (US Treasury bills), while USDe is a synthetic dollar maintained through delta-neutral arbitrage strategies on crypto derivatives.
What backs USDtb?
USDtb is fully collateralized by tokenized US Treasury bills, held via a partnership with Securitize and BlackRock's BUIDL fund.
What is Ethena USDtb connected to?
In the DeFi Intel knowledge graph, Ethena USDtb is linked to 3 other tracked entities, most strongly to Ethereum, ENA, Spearbit.
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