{"data":[{"asset_id":"35","asset_version_id":"3978","address":"0xc139190f447e929f090edeb554d95abb8b18ac1c","chain_id":1,"symbol":"USDtb","name":"Ethena USDtb","category":"t_bill_backed_stable","review_status":"reviewed","risk_score":7.25,"risk_tier":"Core","issuer":{"id":"ethena-labs","name":"Ethena Labs","jurisdiction":"BVI","type":"protocol","website_url":"https://ethena.fi/"},"in_basket_a":true,"dimensions":{"issuer_custody":7.5,"reserve_transparency":7.5,"redeemability":8,"protocol_security":null,"liquidity":8.5,"credit_quality":null,"default_rate":null,"recovery_rate":null,"subadvisor_concentration":null,"redemption_terms":null},"institutional":{"regulatory_wrapper":"genius_act_stablecoin","regulatory_jurisdiction":"US","kyc_gate":"institutional_only","custodian_name":"Anchorage Digital Bank N.A. (issuer); BNY Mellon (BUIDL leg)","auditor_name":"Issuer attestor not publicly named (monthly attestations referenced on usdtb.money)","attestation_cadence":"monthly","redemption_window":"T+1","aum_usd":959954926.28,"yield_pct":0,"duration_days":7,"currency":"USD","aum_native":null,"fx_rate_used":null,"fx_rate_at":null,"aum_usd_source":"native","yield_basis":"none"},"data_provenance":[{"notes":"Issuer landing page: BUIDL backing, BNY Mellon as fund admin/custodian for BUIDL, Securitize transfer agent, monthly attestations referenced, Anchorage Digital Bank N.A. as sole issuer-of-record under the GENIUS Act framework.","source_url":"https://usdtb.money/","source_type":"issuer_disclosure","retrieved_at":"2026-05-06","document_hash":null},{"notes":"rwa.xyz: AUM $681,249,328; daily subscription/redemption; custodian Anchorage Digital Bank N.A.; institutional KYC; APY \"—\" (non-yield-bearing wrapper — yield accrues to issuer not holder).","source_url":"https://app.rwa.xyz/assets/USDtb","source_type":"aggregator","retrieved_at":"2026-05-06","document_hash":null},{"notes":"Anchorage Digital Bank as sole issuer-of-record for the federally regulated USDtb under the GENIUS Act framework.","source_url":"https://www.anchorage.com/insights/anchorage-digital-issues-usdtb-americas-first-federally-regulated-stablecoin","source_type":"press_release","retrieved_at":"2026-05-06","document_hash":null},{"notes":"Confirms Ethena's monthly attestation cadence framework; USDtb attestations follow the same monthly/issuer-dashboard pattern per usdtb.money.","source_url":"https://docs.ethena.fi/resources/custodian-attestations","source_type":"issuer_disclosure","retrieved_at":"2026-05-06","document_hash":null},{"notes":"On-chain Ethereum address verification.","source_url":"https://etherscan.io/token/0xc139190f447e929f090edeb554d95abb8b18ac1c","source_type":"explorer","retrieved_at":"2026-05-06","document_hash":null}],"reviewed_by":"philidor-rwa-specialist","reviewer":{"slug":"philidor-rwa-specialist","name":"Philidor RWA Specialist","role":"asset_specialist","attested_at":"2026-06-14 20:25:42.566241+00"},"recorded_at":"2026-06-14 20:25:42.540778+00","freshness":{"last_refresh_at":"2026-06-16 08:08:25.742946+00","age_hours":0.4,"status":"fresh","last_status":"no_change"},"dependency_chain":[{"kind":"underlying_fund","layer":1,"symbol":"BUIDL"},{"kind":"real_world_asset","layer":2,"symbol":"US T-bills + USDC liquidity"}],"methodology_version":"v1.3","chain_overlay":{"multiplier":1,"bridge_centralization":10,"sequencer_centralization":10,"validator_set_size_score":10,"chain_age_score":10,"rationale":"L1 calibration anchor: PoS with ~1M+ validators, no sequencer concept, no canonical bridge dependency, 9+ years of uptime. Multiplier = 1.0 by construction."}}],"meta":{"page":1,"limit":20,"total":1,"totalPages":1}}