USTB
The permissionless, cross-chain, rebasing stablecoin backed by T-Bills.
Get a risk-free rate guaranteed by short-duration US Treasury Bills.
USTB
Mint
Bridge
Stats
Real yield from
transparent sources
Institutional-grade and compliant backing provided by Mountain Protocol.
Current Yield
5%
Mint
Bridge
US treasury stability and yield, for anyone, anywhere.
Access the risk-free rate
USTB passes through the yield from short term US Treasuries to users, providing an ultra-safe return.
Institutional-Grade Backing
99.5% of backing in U.S. Treasury bills, cash, notes and other obligations issued or guaranteed by the U.S. Treasury, and repurchase agreements secured by such obligations or cash.
Instant Liquidity
Always redeemable 1:1 for USDM. USDM primary market liquidity provided by USDC facility secured by Mountain Protocol. If depleted, liquidity SLA will fallback to T+2 business days, the standard TradFi settlement timeline.
Regulated, Transparent and Secure
USTB is a wrapped version of USDM, which adheres to specific regulations and compliance requirements. USDM Reserves are held under custody by JPMorgan. USDM has been audited by leading security firm OpenZeppelin ensuring the code has been thoroughly checked and tested against vulnerabilities.
How it works
Backing assets
US T-Bills
+ other liquid, dollar denominated assets
Backing + Yield
Regulated stablecoin
(Ethereum
)
USDM
Liquidity: Curve 
Backing + Yield
Tangible Wrapper
(re.al)
USTB
Liquidity: Pearl 
Mint/Buy
1. USTB minted 1:1 with USDM on Ethereum, USDM enters USTB treasury
2. USDM can be bought on Curve or minted directly with Mountain Protocol (KYC required)
3. USTB bridged to re.al, primary liquidity on Pearl Exchange
4. USTB purchased on Pearl for farming/liquidity incentives
5. USTB bridged from re.al to alternative L1s and L2 for farming/liquidity incentives
Redeem
1. USTB bridged from various chains back to Ethereum
2. USTB redeemed (burned) and USDM returned to user
3. USDM sold on Curve or redeemed for USDC via Mountain Protocol (KYC required)
