USDtb

USDtb is a fiat-backed stablecoin designed to maintain a value of one US dollar, functioning as a digital representation of the dollar that users can transfer freely and without restriction on both the Ethereum and Solana blockchains. It addresses the practical problem of holding and moving dollar-denominated value in digital form without exposure to price fluctuation. The intended audience is anyone who needs a stable unit of account or medium of exchange within decentralised financial systems.

USDtb maintains its dollar peg by holding cash or cash-equivalent reserves, with approximately 90% of those reserves held in BlackRock's BUIDL fund, a tokenised money-market product, making it the stablecoin with the highest BUIDL allocation on record according to the project's own description. The token exists on Ethereum and Solana, and its entire supply is fully issued with no portion pending, as shown by a supply-issued figure of 100% and a dilution overhang of 0.0% at the current point in time. There is no consensus algorithm or block-production mechanism native to USDtb itself, because it is a token that settles on the host chains rather than operating its own network.

The data stored for USDtb contains no fee-stream metrics — no protocol revenue, no fee collection, and no distribution figures are recorded. This means that the fee-based measures commonly found on this site for other assets are not applicable here. The economic return embedded in the reserve structure, if any, accrues at the level of the underlying BUIDL fund rather than being captured and reported as a protocol fee, so no inference about protocol income can be drawn from the figures available.