About Ethena USDtb (USDTB)

Ethena USDtb (USDTB) is a synthetic dollar stablecoin designed to maintain a 1:1 peg to the US Dollar. It employs a delta-neutral hedging strategy, combining crypto collateral with corresponding short positions to offset price volatility and preserve its stable value.

Ethena USDtb currently has a price of $0.999631, which is 0.0369% away from its peg to USD. It has a market capitalization of $890.59M, which has changed by +8.13% over the past 30 days.

Ethena USDtb is issued by Ethena Labs. Ethena Labs created USDe, a delta-neutral stablecoin using a hedging strategy. Founded in 2023, it quickly grew to become one of the largest DeFi stablecoins.