USDtb

USDTB·1

0.04%

USDtb (USDTB) - Complete Fundamental Analysis

By CoinStats AI

29 Jan, 2026 22:29

What is USDtb (USDTB) crypto?

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USDtb (USDTB) Cryptocurrency: Comprehensive Overview

Core Definition and Technology

USDtb is a blockchain-based USD stablecoin primarily backed by BlackRock's BUIDL tokenized treasury fund. USDtb is a blockchain-based USD stablecoin developed by Ethena Labs and launched in December 2024, following a fully backed model where each USDtb token represents one U.S. dollar and is backed by real-world, dollar-equivalent assets.

Blockchain Architecture and Technical Implementation

USDtb is cross-chain compatible and designed to scale across major blockchains, including Ethereum, Arbitrum, Avalanche, and Polygon. USDtb is currently available on Ethereum, Avalanche, Arbitrum, Optimism, Polygon, and Aptos.

To ensure security and trust, its smart contracts underwent three private audits—by Pashov Audit Group, Quantstamp, and Cyfrin—reporting no high or medium-level risks, with a follow-up Code4rena audit contest in November 2024 further validating its code integrity.

On the infrastructure side, LayerZero supports omnichain interoperability, enabling USDtb to function across multiple blockchains, with the protocol's smart contracts having undergone comprehensive audits by Quantstamp, Cyfrin, Pashov Audit Group, and Code4rena, and USDtb is also integrated with Stargate Finance, a native asset bridge that facilitates cross-chain liquidity and composable DeFi interactions.

Reserve Backing and Collateralization

Approximately 90% of USDtb's reserves are held in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), a tokenized money market fund built in collaboration with Securitize, which invests in cash, U.S. Treasury securities, and repurchase agreements, providing institutional-grade collateral and lending credibility to USDtb through BlackRock's reputation.

USDtb's reserve assets include short-term U.S. government obligations, cash, and Treasury Bills, held in segregated, on-chain wallets with real-time transparency, ensuring trust and security for users.

USDtb is issued by Anchorage Digital Bank under direct U.S. federal oversight as a federally regulated stablecoin supervised by the Office of the Comptroller of the Currency (OCC).

Founding Team and Project History

Ethena Labs was founded by Guy Young in July 2023, emerging from his extensive background in traditional finance. USDtb was launched by Ethena Labs in December 2024.

Ethena Labs is a decentralized finance (DeFi) protocol built on Ethereum, best known for developing USDe, a synthetic dollar backed by delta-neutral strategies that combine crypto spot holdings with short derivatives positions.

Tokenomics and Supply Metrics

Based on current market data, USDtb has a total value of approximately $1.05 billion with a token supply of 1,049,530,739.27 and circulating supply matching total supply at 1,049,530,739.27. The token maintains a 1:1 peg to the U.S. dollar with a price of approximately $1.00.

USDtb, Ethena Labs' synthetic stablecoin, surged 1,500% in market capitalization in March, driving it to the eighth-largest stablecoin by market cap.

Primary Use Cases and Applications

USDtb is designed for stability, transparency, and scalability, offering users the ability to send, receive, hold, or trade it just like any other digital dollar—with the added benefit of faster, cheaper, and permissionless blockchain settlement.

USDtb offers a versatile set of use cases that extend across decentralized finance (DeFi), traditional financial integration, and internal risk management within the Ethena ecosystem, with its full backing by tokenized U.S. Treasury assets and integration with institutional custodians and liquidity providers making it a trusted tool for a variety of financial activities.

Key Partnerships and Ecosystem Integrations

Users who supply USDtb to Aave, Morpho, Euler, and Fluid are able to earn promotional rewards from Merkl in addition to supply APR, representing the beginning of a long-term campaign to drive the adoption of USDtb.

Bybit, a leading cryptocurrency exchange, became the first exchange to list the stablecoin, marking a significant milestone in integrating institutional-grade financial products into the crypto space, with Bybit's platform allowing users to directly mint and redeem USDtb without intermediaries, enabling instant transactions and seamless swaps with other stablecoins like USDT, USDC, and USDe, eliminating the need for third-party involvement and reducing costs.

Through partnership with Anchorage Digital, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin.

Jupiter's JupUSD stablecoin is 90% secured by USDtb, a GENIUS-compliant token.

Regulatory Compliance and Governance Structure

Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act, and through partnership with Anchorage Digital, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin.

Anchorage Digital and Ethena Labs have launched USDtb, the first U.S. stablecoin compliant with the 2025 GENIUS Act, backed by fully audited cash and Treasury reserves, adhering to the act's 1:1 reserve requirements and anti-money laundering (AML)/know-your-customer (KYC) standards.

USDtb is built on a robust and independent structural framework that is intentionally designed to be bankruptcy remote and operationally insulated from the broader business activities of its affiliated partners, with the token issued by Pallas (BVI) Ltd., a business company registered in the British Virgin Islands, operating under the oversight of the Pallas Foundation, a Cayman Islands exempted foundation that has no shareholders, beneficiaries, or members, existing solely to support USDtb, and governed by a single, independent director, Marc Piano of Horizons Global, ensuring that its operations remain neutral and transparent.

Competitive Advantages and Value Proposition

USDtb distinguishes itself from traditional stablecoins through its robust backing and institutional-grade features, with its reliance on U.S. Treasury assets and BlackRock's BUIDL fund providing a higher level of security and transparency compared to stablecoins that rely on fiat reserves or other cryptocurrencies.

What sets USDtb apart is its combination of speed, programmability and regulatory comfort, offering real-time payments and settlement combined with strict financial reporting and 100 percent reserve support.

Another standout feature is USDtb's focus on yield-generating opportunities, with the promotional 5% APR offer on Bybit setting it apart from other stablecoins, which typically do not provide such incentives.

Development Activity and Roadmap

Ethena's roadmap focuses on enhancing token utility, expanding stablecoin adoption, and cross-chain integration to drive ecosystem growth, with Fee Switch Activation planned for Q1 2026 to distribute protocol fees to ENA stakers, USDtb Expansion in 2026 to grow the regulated stablecoin through institutional partnerships, Cross-Chain Integrations in 2026 to extend USDe and ENA utility to additional blockchain ecosystems, and iUSDe Launch (TBD) to introduce an institutional-grade yield product for deeper market penetration.

USDtb is Ethena's GENIUS Act-compliant stablecoin, developed with Anchorage Digital, with expansion efforts in 2026 focusing on broadening institutional adoption through regulatory partnerships and integrations with traditional finance rails.

Market Position and Adoption

USDe is the third-largest stablecoin by market capitalization, standing at $5.29 billion. USDe is the third-largest and fastest growing USD-denominated crypto asset in history with over $6 billion in TVL today across one of the largest sets of DeFi users, alongside integrations with some of the largest centralized exchanges and major DeFi applications.

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Is USDtb (USDTB) a good investment?

Objective Investment Analysis: USDtb (USDTB)

Overview

USDtb is a blockchain-based USD stablecoin primarily backed by BlackRock's BUIDL tokenized treasury fund. Ethena Labs (USDtb) launched on December 15th, 2024. The token operates on Ethereum and maintains a 1:1 peg to the US dollar.

Fundamental Strengths

Reserve Backing and Asset Quality

USDtb is able to scale without practical constraints given the use of Blackrock's BUIDL as the primary reserve asset, representing the vast majority (90%) of the overall reserves - the highest BUIDL allocation of any stablecoin. USDtb is backed by traditional assets such as BlackRock's tokenized BUIDL money market fund and USDC, with reserves surpassing its circulating supply. This represents a significant strength compared to competitors, as BlackRock's involvement provides institutional-grade credibility and asset quality.

Regulatory Positioning

Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act. Through our partnership with Anchorage Digital, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin. USDtb's U.S. debut marks another step in the professionalization of the stablecoin market, where compliance and transparency are becoming competitive advantages.

Institutional Infrastructure

BlackRock is the Fund Manager & Sponsor, Securitize is the Fund Transfer Agent, and BNY Mellon is the Fund Admin & Custodian. This institutional-grade custody and administration structure provides operational credibility.

Market Position and Competitive Landscape

Market Cap and Scale

USDtb operates at a significantly smaller scale than dominant competitors. Current market capitalization stands at approximately $864 million based on available supply data, compared to Tether's market capitalization over $150 billion (as of mid-2025). The second-largest is USD Coin, created by Circle, with a market cap above $60 billion. Together these two account for the lion's share of the $250+ billion stablecoin market.

Competitive Positioning

USDtb targets a specific niche: regulated, institutional-grade stablecoins with transparent reserve backing. With Anchorage in the mix, we may see USDtb grow far beyond its current $1.5B market cap as institutional adoption ramps up. However, the stablecoin market remains heavily concentrated, with USDT and USDC dominating transaction volume and adoption.

Adoption Metrics

Transaction Volume and Liquidity

Current trading volume remains modest. Based on available data, daily trading volume is approximately $22.6 million, indicating limited liquidity compared to major stablecoins. USDT and USDC now represent roughly 50% of the total transaction volume among major cryptocurrencies.

User Adoption

USDtb is a newly launched product (December 2024) with limited public adoption data available. The token has been integrated into select DeFi protocols and exchanges but has not yet achieved mainstream adoption. Users who supply USDtb to Aave, Morpho, Euler, and Fluid will now be able to earn promotional rewards from Merkl in addition to supply APR. This represents the beginning of a long-term campaign to drive the adoption of USDtb.

Revenue Model and Sustainability

Ethena Ecosystem Context

USDtb operates within the Ethena Labs ecosystem, which also manages USDe (a synthetic stablecoin). Ethena's roadmap focuses on enhancing token utility, expanding stablecoin adoption, and cross-chain integration to drive ecosystem growth. Fee Switch Activation (Q1 2026) – Distributing protocol fees to ENA stakers, pending final conditions. USDtb Expansion (2026) – Growing the regulated stablecoin through institutional partnerships.

Sustainability Concerns

USDe's supply fell 24% in November as users migrated to fiat-backed rivals. This indicates potential challenges in user retention within the Ethena ecosystem. USDtb's market cap fell 22% to $1.04B on the announcement day, signaling skepticism toward Ethena's newer RWA-focused stablecoin.

Team Credibility and Track Record

Ethena Labs Background

Created and managed by the Ethena Labs team, responsible for the largest & fastest growing synthetic dollar in crypto history. Ethena Labs has demonstrated execution capability with USDe, though the team's experience is primarily in synthetic stablecoins rather than regulated, reserve-backed instruments.

Institutional Partnerships

The involvement of established institutions provides credibility: BlackRock (fund management), Securitize (tokenization infrastructure), BNY Mellon (custody), and Anchorage Digital (regulatory compliance). However, these are service provider relationships rather than equity stakes or governance participation.

Community Strength and Developer Activity

Limited Public Data

Community engagement metrics for USDtb are not extensively documented. The token is relatively new and has not yet developed a large grassroots community. Developer activity appears focused on institutional integrations rather than community-driven development.

Ecosystem Integration

USDtb Expansion (2026) – Growing the regulated stablecoin through institutional partnerships. The focus on institutional adoption suggests a B2B strategy rather than retail community building.

Risk Factors

Regulatory Risk

Legislative and regulatory changes or actions at the international level may adversely affect the tokenization of assets into USDtb and the use, transfer, redemption, and/or value of USDtb. The regulatory status of USDtb and blockchain technology is unclear or unsettled in many jurisdictions. Legislative and regulatory changes or actions at the international level may adversely affect the tokenization of assets into USDtb and the use, transfer, redemption, and/or value of USDtb.

Competitive Risk

The stablecoin market is dominated by entrenched players with significantly larger user bases and liquidity. The main reason why USDT has become illegal in Europe is its non-compliance with MiCA standards for transparency and reserve management. Despite its scale and liquidity, Tether Limited does not provide a sufficient level of openness about the stablecoin's backing structure. While USDtb's regulatory positioning may be stronger, this does not guarantee market adoption.

Liquidity Risk

The liquidity of USDT is crucial in the market, but it may be insufficient in certain extreme situations, such as large-scale redemptions or market panics. USDtb's smaller size creates greater liquidity risk during market stress.

Technical Risk

You understand that the USDtb Services may experience operational issues that lead to delays, including delays in redeeming USDtb. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks.

Ecosystem Risk

USDe's supply fell 24% in November as users migrated to fiat-backed rivals. USDe's market cap dropped from $9.3B to $7.1B in November (-24%), driven by $2.2B in redemptions. The parent ecosystem (Ethena Labs) has experienced significant user outflows, suggesting potential execution or confidence issues.

Historical Performance During Market Cycles

Limited Track Record

As a December 2024 launch, USDtb has only approximately one month of price history. The token has maintained its $1 peg with minimal deviation, which is expected for a newly launched stablecoin with strong backing. However, this limited history provides insufficient data to assess performance during volatile market conditions.

Institutional Interest and Major Holder Analysis

Institutional Backing

Ethena Labs is bringing its USDtb stablecoin—currently valued at approximately $1.5 billion – into the U.S. market through a new partnership with Anchorage Digital Bank – the first federally chartered crypto bank in the country. Institutional interest appears focused on regulatory compliance and institutional settlement use cases rather than speculative investment.

Holder Concentration

Limited public data on holder distribution is available. The token's structure suggests institutional holders will dominate, given the focus on regulated institutional adoption and the involvement of custodians like BNY Mellon and Anchorage Digital.

Bull Case Arguments

Regulatory Advantage: Clear path to GENIUS Act compliance positions USDtb ahead of competitors in the U.S. regulatory framework.
Reserve Quality: 90% backing by BlackRock's BUIDL provides superior asset quality compared to competitors relying on commercial paper or lower-quality reserves.
Institutional Infrastructure: Partnership with federally chartered Anchorage Digital and custody from BNY Mellon provides institutional-grade credibility.
Market Opportunity: Growing demand for compliant stablecoins in institutional markets as regulatory frameworks clarify.
Transparent Redemption: Direct mint/redeem mechanism provides users with confidence in peg stability.

Bear Case Arguments

Extreme Market Concentration: USDT and USDC control approximately 85-90% of the stablecoin market. Displacing these entrenched competitors requires significant advantages beyond regulatory compliance.
Ecosystem Headwinds: Parent company Ethena Labs experienced 24% supply contraction in USDe in November 2025, suggesting potential execution or confidence issues that could affect USDtb.
Limited Adoption: Despite institutional positioning, current adoption remains minimal with low trading volume ($22.6M daily) and modest market cap ($864M).
Execution Risk: Regulatory approval timelines for GENIUS Act compliance are uncertain. Delays could impact institutional adoption plans.
Liquidity Concerns: Smaller market cap creates liquidity risk during market stress or large redemption events.
Unproven Track Record: Only one month of operational history provides insufficient evidence of stability during market cycles or stress events.
Regulatory Uncertainty: Ethena Labs announced the closure of its German entity, Ethena GmbH, and the withdrawal of its application for authorization under the European regulation MiCAR (Markets in Crypto-Assets Regulation), following an agreement with Germany's Federal Financial Supervisory Authority (BaFin). This indicates regulatory challenges in key markets.

Risk/Reward Ratio Assessment

Risk Profile: High to Very High

Execution risk on regulatory approval
Competitive risk from entrenched market leaders
Ecosystem risk from parent company challenges
Limited operational history

Reward Profile: Moderate

Potential for institutional adoption in regulated markets
Possible market share gains if regulatory framework favors compliant stablecoins
Limited upside for stablecoin holders (pegged to $1)

Overall Assessment: USDtb presents a favorable regulatory and structural design but faces significant competitive and execution challenges. The risk/reward ratio is unfavorable for most investors, as the token is designed to maintain a $1 peg (limiting upside) while carrying substantial execution and competitive risks. The investment case depends heavily on institutional adoption materializing and regulatory approval timelines accelerating—both uncertain outcomes.

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USDtb (USDTB) price prediction

USDtb (USDTB) Price Prediction Analysis

Current Market Context

Current Price: $0.9993 USD
Market Capitalization: $864.1 million
24-Hour Trading Volume: $22.7 million
Circulating Supply: 864.9 million USDTB
Risk Score: 58.9/100
24-Hour Price Change: +0.06%
7-Day Price Change: -0.03%

USDtb is collateralized by Blackrock's BUIDL Fund and serves as collateral for Jupiter's JupUSD stablecoin, which is 90% secured by USDtb.

Short-Term Predictions (2025-2026)

2025 Forecast:

In 2025, the price of USDtb could potentially see a change of 0.00%, reaching a trading price of 0.999804 USD. By August 6, 2025, using a 5% annual growth rate, the price prediction for USDTB is $1.0007.

2026 Forecast:

According to price prediction models, the value of USDTB is expected to reach a price of 3.3856 USD by 2050, though this represents an extreme long-term scenario. For 2026 specifically, predictions remain relatively stable near peg.

Source	2026 Prediction	Range
MEXC (5% growth)	$1.0493	Moderate upside
CoinGape	$0.9994	Minimal deviation
3Commas/TradingBeasts	$0.9984	Slight downside

Medium-Term Predictions (2027-2028)

2027 Forecast:

According to the price prediction module, the forecasted 2027 future price of USDT is $1.1017 with a 10.25% growth rate (note: this applies to similar stablecoin models).

As Tether continues to evolve, 2027 could mark a pivotal year of technological breakthroughs and wider adoption, with the ecosystem maturing and Tether navigating the year with a minimum price of $0.9992357 and possibly reaching highs of $0.9993966.

2028 Forecast:

According to the price prediction module, the forecasted 2028 future price of USDT is $1.1568 with a 15.76% growth rate.

By 2028, Tether's integration into global finance and decentralized applications could be profound, with the USDT price ranging from a solid foundation of $0.9990739 to record peaks of $0.9992353.

Long-Term Predictions (2029-2030)

2029 Forecast:

Following the price prediction module, the target price of USDT in 2029 is $1.2147 along with 21.55% growth rate.

With scalability solutions fully operational, 2029 could witness Tether handling unprecedented transaction volumes seamlessly, with prices propelling from a robust $0.9989125 to a peak performance of $0.9990735.

2030 Forecast:

Following the price prediction module, the target price of USDT in 2030 is $1.2754 along with 27.63% growth rate.

Prediction Summary Table

Timeframe	Conservative	Average	Optimistic
2025	$0.9998	$1.0000	$1.0007
2026	$0.9984	$0.9994	$1.0493
2027	$0.9992	$0.9993	$1.1017
2028	$0.9991	$0.9992	$1.1568
2029	$0.9989	$0.9991	$1.2147
2030	$0.9990	$0.9992	$1.2754

Prediction Methodology

Prediction modules leverage a variety of technical indicators including Exponential Moving Averages (EMA) to track price trends, Bollinger Bands to measure market volatility, Relative Strength Index (RSI) to assess momentum, and Moving Average Convergence Divergence (MACD) to evaluate the strength and direction of price movements.

Advanced algorithmic analysis uses multiple indicators including MACD, RSI, and Bollinger Bands to predict short-term price movements, while neural network models trained on historical data, social sentiment, and market indicators provide comprehensive predictions.

Key Factors Influencing Predictions

Positive Catalysts:

Collateralization by Blackrock's BUIDL Fund provides institutional backing
Integration as collateral for Jupiter's JupUSD stablecoin increases utility
Stablecoin market growth and institutional adoption

Risk Factors:

Stablecoins often depeg from the US dollar value during times of extreme market stress
S&P downgraded similar stablecoins to "Weak" citing transparency gaps, noting that a 20% BTC drop could erase significant reserves, testing the peg
Regulatory uncertainty in cryptocurrency markets
Competition from other stablecoins (USDC, PYUSD, USDe)

Factors That Could Invalidate Predictions

Regulatory Changes: Stricter cryptocurrency regulations could impact stablecoin adoption and utility
Collateral Deterioration: Significant decline in backing assets (Bitcoin, Treasury holdings)
Market Depegging Events: Systemic financial stress causing stablecoin depegging
Technological Issues: Smart contract vulnerabilities or network failures
Competitive Displacement: Loss of market share to competing stablecoins
Macroeconomic Shocks: Global financial crises affecting reserve asset values

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How high can USDtb (USDTB) go?

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USDtb (USDTB) Price Potential Analysis

Asset Classification and Fundamental Constraints

USDtb is a blockchain-based USD stablecoin primarily backed by BlackRock's BUIDL tokenized treasury fund. This classification is critical to understanding price potential: stablecoins are designed to maintain a 1:1 peg to the US dollar, not to appreciate in value. Unlike speculative assets, stablecoins function as payment rails and store-of-value instruments within blockchain ecosystems.

Current Market Position:

Market Cap: $864.1 million
Circulating Supply: 864.9 million tokens
Price: $0.9993 (maintaining peg)
Rank: #81 by market cap

Market Cap Comparison Analysis

The stablecoin market demonstrates significant scale. Tether is by far the largest stablecoin, with a market capitalization over $150 billion, and together with USDC (above $60 billion), these two account for the lion's share of the $250+ billion stablecoin market. Stablecoin transaction volume has risen sharply over the past two years, exceeding $27 trillion per year.

USDtb currently represents approximately 0.35% of the total stablecoin market. For context, the global stablecoin market has grown substantially, but growth occurs through increased supply (adoption) rather than price appreciation, since stablecoins maintain fixed pegs.

Supply Dynamics and Price Ceiling

The fundamental constraint on USDtb's price is its design mechanism. Direct minting and redemption features eliminate the need for third-party involvement, reducing costs and increasing efficiency for users. This arbitrage mechanism prevents price deviation from $1.00. If USDtb trades above $1.00, users can mint new tokens at par and sell them at a profit, increasing supply until the price returns to peg. If it trades below $1.00, users can redeem tokens for $1.00 worth of backing assets, creating a floor.

Price Ceiling: $1.00 USD

USDtb cannot sustainably trade above $1.00 due to these redemption mechanics. Any deviation above parity is temporary and self-correcting.

Adoption and Network Effects

USDtb's integration with multiple blockchain networks, including Ethereum, Avalanche, Arbitrum, Optimism, Polygon, and Aptos, enhances its usability and accessibility across the crypto ecosystem. Through partnership with Anchorage Digital, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated payment stablecoin.

These factors support adoption growth, which translates to supply expansion rather than price appreciation. USDtb's reliance on U.S. Treasury assets and BlackRock's BUIDL fund provides a higher level of security and transparency.

Total Addressable Market Analysis

The TAM for stablecoins encompasses:

Cross-border payments and remittances
DeFi collateral and liquidity
Institutional settlement rails
Emerging market currency alternatives

Stablecoins enable sending money globally at any time within minutes, for fees often just a few cents, far outperforming traditional remittance channels, transforming remittances in regions like Africa and Latin America. If the current rate of growth were to continue, stablecoin transactions could surpass legacy payment volumes in less than a decade.

However, this TAM expansion benefits stablecoin supply growth, not individual token price appreciation.

Realistic Scenarios

Conservative Scenario:

Supply remains flat at ~865 million tokens
Market cap stays at $864 million
Price: $1.00 (peg maintained)

Base Scenario:

Supply grows to 2-3 billion tokens through adoption
Market cap reaches $2-3 billion
Price: $1.00 (peg maintained)

Optimistic Scenario:

Supply grows to 5-10 billion tokens as institutional adoption accelerates
Market cap reaches $5-10 billion
Price: $1.00 (peg maintained)

Critical Distinction: Supply vs. Price

The analysis reveals a fundamental misunderstanding in asking "how high can USDtb go?" in terms of price. Stablecoins do not appreciate in price—they maintain fixed pegs. Growth occurs through supply expansion (more tokens in circulation), not price appreciation.

If USDtb achieves 5% of the total stablecoin market (currently $250 billion), its market cap would reach $12.5 billion. This would require approximately 12.5 billion tokens in circulation, but the price would remain $1.00.

Limiting Factors

Regulatory Competition: Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act. However, established competitors like USDT and USDC have significant network effects and liquidity advantages.
Market Saturation: The stablecoin market is mature with dominant players. USDtb's differentiation through BlackRock backing is valuable but may not overcome USDT's liquidity dominance or USDC's regulatory clarity.
Institutional Adoption Pace: For many financial institutions, it can take time to implement new systems.

Conclusion

USDtb's price potential is constrained to $1.00 USD by design. The relevant metric for growth is supply expansion and market cap increase, not price appreciation. Realistic market cap scenarios range from $2-10 billion under favorable adoption conditions, representing 0.8-4% of the current stablecoin market. This would require supply growth to 2-10 billion tokens while maintaining the $1.00 peg.

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How to buy USDtb (USDTB)?

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Comprehensive Guide to Purchasing USDtb (USDTB)

Quick Overview of Purchase Options

USDTB tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade USDtb is Bybit, where the most active trading pair USDTB/USDT has a trading volume of $4,611.57 in the last 24 hours. Other popular options include Curve (Ethereum) and Fluid (Ethereum).

Detailed Exchange Comparison

Exchange	Type	Trading Pairs	Key Features	Fees
Bybit	Centralized	USDTB/USDT, USDTB/USDC	Highest liquidity, spot and derivatives	Zero-fee trading on selected USDtb pairs for a limited time; 0.10% maker and taker fee for spot trading
Curve (Ethereum)	Decentralized	USDTB/USDC	Maximum daily trading volume in USDTB/USDC trading pair reaches $1,840,348	DEX variable fees
Fluid (Ethereum)	Decentralized	Multiple pairs	DeFi integration, permissionless trading	DEX variable fees
Uniswap	Decentralized	Multiple pairs	Leading DEXs like Uniswap facilitate the exchange of thousands of cryptocurrency pairs	DEX variable fees

Step-by-Step Guide for Centralized Exchange Purchase (Bybit)

Step 1: Select and Register on Exchange

Choose a reputable centralized exchange (CEX) that supports USDtb (USDTB). Evaluate factors like user experience, fees, and available payment methods before making your choice.

Visit Bybit.com
Click "Sign Up" and enter your email address
Create a strong password
Verify your email address

Step 2: Secure Your Account

Provide the required details to create an account and set a strong password. It's recommended to enable two-factor authentication for enhanced security.

Access account settings
Enable two-factor authentication (2FA)
Choose your preferred 2FA method (authenticator app or SMS)

Step 3: Complete KYC Verification

Most regulated exchanges require identity verification (KYC). The documents needed depend on your country and region. Completing KYC often unlocks higher limits and additional platform features.

Navigate to the verification section
Provide personal information (name, date of birth, address)
Upload government-issued ID
Complete facial verification if required
Wait for approval (typically 5-30 minutes)

Step 4: Link Payment Method

Connect a credit/debit card, bank transfer, or other supported option.

Go to "Funding" or "Payment Methods"
Select your preferred payment method
Enter payment details
Verify the payment method

Step 5: Deposit Funds

After your account is verified, deposit funds using your preferred method—Bybit supports both fiat deposits (depending on your region) and cryptocurrency transfers.

Select deposit method (credit card, bank transfer, or crypto)
Enter deposit amount
Follow payment instructions
Wait for funds to appear in your account

Step 6: Purchase USDTB

With funds in your account, navigate to the trading section where you can search for USDtb (often listed under its symbol, USDTB).

Go to the Spot Trading section
Search for "USDTB" or "USDTB/USDT"
Enter the amount you wish to purchase
Review the order details
Click "Buy" to execute the purchase

Wallet Recommendations

Hot Wallets (For Active Trading)

MetaMask

MetaMask supports over 500,000 digital assets built on the Ethereum ecosystem, making it an excellent solution for USDT and a variety of other ERC-20 tokens and NFTs.
A significant advantage is its non-custodial nature, allowing users to maintain full control over their private keys without the need to share personal information.
Download from: metamask.io

Trust Wallet

Trust Wallet is one of the only mobile apps that properly supports multi-chain USDT. When you open it, you see your balances for ERC-20, TRC-20, and BEP-20, all in one list. There is no need to check which network a token is on because the app automatically detects it.
Available on iOS and Android

MyEtherWallet

MyEtherWallet is a software wallet that offers a higher level of security for long-term storage.
Access at: myetherwallet.com

Cold Wallets (For Long-Term Storage)

Ledger Hardware Wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.
USDT on the Ledger Live app is supported on ETH (ERC-20), TRON (TRC-20), BNB (BEP-20), and various Layer 2 networks.
Purchase from: ledger.com

Trezor Hardware Wallet

Trezor wallets, like the Trezor Safe 3 and Trezor Safe 5, keep your USDT offline, protecting it from online threats such as hacks and malware.
Tether (USDT) is fully supported in Trezor Suite as it's an ERC-20 token on the Ethereum network. This means you can securely manage your USDT directly through Trezor Suite without relying on third-party wallets.
Purchase from: trezor.io

Security Best Practices

General Security Measures

Before proceeding with any transactions, be sure to evaluate the platform's security measures, market liquidity, and fee structure. Always verify platform legitimacy and watch out for potential scams.

Use Official Websites Only: Only download MetaMask from the official site
Protect Your Recovery Phrase: Back up your MetaMask seed phrase offline: Write it down and store it somewhere safe. Never share it online.
Verify Contract Addresses: On other networks like Polygon or BSC, you must manually add USDT as a 'custom token' using its specific contract address for that chain. This ensures you are adding the genuine token and not a fraudulent one.
Double-Check Networks: Sending USDT to a wallet address on an incompatible network (e.g., sending ERC-20 USDT to a Bitcoin address) will almost certainly result in the permanent loss of your funds. Always double-check that the sending and receiving networks match before confirming a transaction.

Exchange Security

When choosing a centralized exchange, make sure that it maintains robust security, provides sufficient liquidity, offers competitive trading fees, and supports USDTB.

Phishing Prevention

Always be skeptical of unsolicited messages or emails asking for your wallet information. Verify the source and never click on suspicious links, as they may be phishing attempts to steal your assets.

Hardware Wallet Connection

For large amounts of USDT or long-term holding, connect your MetaMask to a hardware wallet like Ledger or Trezor.

KYC Requirements Overview

Most regulated exchanges require identity verification (KYC). The documents needed depend on your country and region. Completing KYC often unlocks higher limits and additional platform features.

Typical KYC Documents Required:

Government-issued ID (passport, driver's license, or national ID)
Proof of address (utility bill or bank statement)
Facial verification (selfie or video)
Personal information (name, date of birth, address)

Benefits of Completing KYC:

Higher withdrawal and deposit limits
Access to fiat on/off ramps
Enhanced account security features
Compliance with regulatory requirements

Regional Availability Notes

The safest choice when buying USDTB is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken.

Regional considerations:

Availability varies by jurisdiction
Some exchanges restrict services in certain countries
Verify your region's compliance status before registering
Alternative DEX options available globally without geographic restrictions

Alternative Purchase Methods

Peer-to-Peer (P2P) Trading

Peer-to-peer (P2P) platforms facilitate direct crypto transactions between buyers and sellers while supporting multiple payment options. This method gives you greater flexibility to choose favorable deals and negotiate directly with trading partners.

Decentralized Exchange (DEX) Method

Unlike centralized platforms like Phemex, decentralized exchanges (DEXs) enable permissionless cryptocurrency trading through automated smart contracts. Leading DEXs like Uniswap facilitate the exchange of thousands of cryptocurrency pairs, so there's a high likelihood you can find a DEX that supports buying and trading USDtb (USDTB).

To use a DEX, simply connect a supported Web3 wallet like MetaMask or Phantom to begin trading.

Non-Custodial Wallet Purchase

You can also consider buying and storing USDtb (USDTB) through a non-custodial wallet for enhanced asset control. Many leading Web3 wallets enable seamless purchasing and swapping of thousands of digital assets. Simply install a trusted wallet browser extension or mobile app, then generate or import a wallet address to securely manage your various tokens.

About USDtb

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. Unlike actual dollars, USDtb is a blockchain-based token, which enables faster and cheaper spending than the traditional fiat banking system.

USDtb shares characteristics with existing fiat stablecoins such as USDC or USDT, seeking to maintain a stable value pegged to the US dollar by utilizing cash or cash-equivalent reserves. USDtb is able to scale without practical constraints given the use of Blackrock's BUIDL as the primary reserve asset, representing the vast majority (90%) of the overall reserves - the highest BUIDL allocation of any stablecoin.

Official Resources

USDtb Official Website: https://usdtb.money/
Ethena Labs Documentation: https://docs.ethena.fi/usdtb
Bybit Exchange: https://www.bybit.com/
MetaMask Wallet: https://metamask.io/
Ledger Hardware Wallet: https://www.ledger.com/
Trezor Hardware Wallet: https://trezor.io/