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USDTb is a USD-pegged stablecoin from the Ethena ecosystem. It is designed to maintain a stable value around one US dollar using reserve-backed structures and cash-equivalent style collateral frameworks.
Official resources:
USDTb is developed within the broader Ethena ecosystem as a separate stablecoin product alongside Ethena's other monetary modules.
Its positioning focuses on a reserve-backed USD stablecoin profile for users and integrations that prefer traditional stablecoin characteristics.
USDTb is commonly described with three core elements:
USDTb aims to track the US dollar through reserve-backed design.
The token is designed for on-chain transfer and integration across supported venues and applications.
The product uses custody, reserve management, and operational controls to support stability goals.
Important USDTb components include:
USDTb is commonly used for:
USDTb is often differentiated by:
Compared with other USD stablecoins, USDTb is typically positioned around:
Common use cases include:
USDTb security depends on:
Key considerations include:
USDTb is part of the growing set of USD-pegged on-chain assets that aim to bridge crypto-native markets with more stable settlement and treasury options.
USDTb is available on selected centralized and decentralized venues. Availability varies by jurisdiction and platform support.
USDTb is commonly available on exchanges such as:
Common pairs include USDTb/USDT (availability varies).
After buying USDTb, it can be stored:
Always verify the correct token contract and network before deposits and withdrawals.
You can compare USDTb with related ecosystems on Coinrithm:
Track Ethena Labs (USDTb) live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Ethena Labs (USDTb) on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Ethena Labs (USDTb) with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Ethena Labs (USDTb) with real money.
Read the complete paper trading guideThe current price of Ethena Labs (USDTb) is $0.9997 with a 0.02% change in the last 24 hours.
The daily trading volume is $51,719.31 representing a 52.04% change in the past 24 hours.
The market capitalization of Ethena Labs (USDTb) is $865,846,849, ranking #46 globally.
The fully diluted valuation (FDV) of Ethena Labs (USDTb) is $865,846,849, calculated using circulating supply because the maximum supply is unlimited.
Circulating: 866,106,681. Total: 866,106,681. Max: ∞.
In the last 24 hours, Ethena Labs (USDTb) traded between a low of $0.9997 and a high of $0.9999.

The Solana-native token is backed by USDtb and USDC and is designed to serve as a settlement asset across Jupiter’s DeFi stack.

WhiteBIT launches a global promo with TradingView and Tether, offering traders up to 30% cashback on fees in USDTB during a high-volume season.

The partnership between Ethena Labs and Anchorage Digital is set to provide the $USDe and $USDtb holding clients with robust in-platform rewards.

JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana's USDtb stablecoin.

Backing will fund expansion on BNB Chain, fiat-backed stablecoin USDtb, and settlement layer Converge.