Ethena USDtb - Protocol Analytics

Explore Ethena USDtb, a leading protocol with $1,830,520,141.45 in total value locked. Get real-time metrics, charts, and insights.

Ethena USDtb
protocol

TVL

$1.831B
+0.30% from yesterday
+0.85% from last week

Volume (24h)

-
0.42% TVL dominance

Fees (24h)

-

Revenue (24h)

-
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About Ethena USDtb
USDTβ is Ethena’s synthetic USDT exposure that mirrors Tether’s price but sources collateral from delta‑neutral perps instead of treasury bills. The product offers a higher yield than USDe because it harvests the positive funding differential between USDT and USDC perpetual markets. USDTβ supply is capped at $1 billion until a full audit of reserve accounting completes.

Blockchains supporting Ethena USDtb

BlockchainTVL24h7d
ET

Ethereum

$85,857,250,097-0.39%-10.31%