We’re excited to announce that 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.

Money Markets

Aave

On Aave, USDtb will be borrowable against the latest PTs in e-mode in the coming week. Current borrow rates for USDtb on Aave are 2.9%.

Morpho

On Morpho, USDtb can be lent and borrowed against sUSDe, USDe, and PT-USDe collateral under the SteakhouseFi Ethena USDtb vault.

Fluid

On Fluid, USDtb can be borrowed against ETH, wstETH, weETH, wBTC, and cbBTC.

USDtb Smart Vaults are coming next week!

Euler

On Euler, USDtb can be used as collateral across 19 different vaults.

Claiming Rewards

Eligible users are able to claim rewards for supplying USDtb to participating protocols’ markets every 8 hours via Merkl.

Transparency

USDtb, launched in December 2024, is a stablecoin backed by BUIDL, USDC, and USDT.

USDtb's backing assets reside in public and segregated custodian wallet addresses, enabling unparalleled real-time transparency.

Onboarding to Mint & Redeem USDtb

Users who are onboard are able to access the atomic 24/7/365 on-demand mint and redeem facility via both the UI and API.

Onboarded users, who are KYC’d and whitelisted, are able to mint and redeem USDtb using USDC, USDT, and BUIDL. BUIDL is only available to qualified investors who have onboarded with Securitize.

If you have an interest in onboarding, we welcome you to enquire via this link.

Terms & Conditions

It’s important to note that the promotional rewards program’s terms, conditions, and exclusions remain at the sole discretion of the provider & associated borrow/lend markets. These terms can change at any moment and without notice. Users who borrow USDtb from other eligible markets & supply to other eligible markets will be excluded from earning promotional rewards.