USDtb

Behind this dollar token sits a reserve held largely in a tokenised fund of short-term government securities — meaning the backing itself exists on-chain and can be inspected there, not only in an auditor's report. The issuance is associated with the Ethena team and is designed as a conservative anchor beside its yield-bearing products. The job of such an asset is deliberately narrow: a firm dollar peg and a reserve whose composition can be read.