USDXvsUSDTB
USDX Money USDX vs Ethena USDtb — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDX — USDX Money USDX
USDTB — Ethena USDtb
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDX supply moved +0.0% and USDTB +30.6% — USDTB grew faster. USDTB held the tighter band: worst deviation 7 bps against 9912 bps.
Key differences
- USDX is roughly 1.3× larger than USDTB by USD circulation value ($683.4M vs $527.4M).
- USDX ranks #18 while USDTB ranks #20 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USDX is a crypto-backed stablecoin; USDTB is fiat-backed. Different mechanism, different failure modes.
- USDTB reports tokenized us treasuries (ethena) in reserve. We do not track a published reserve breakdown for USDX.
- Chain coverage is comparable: USDX on 3 chains, USDTB on 2.
- Primary chain differs — most USDX supply lives on BSC, while most USDTB supply is on Ethereum.
Full comparison table
| Metric | USDX | USDTB |
|---|---|---|
| USD circulation value | $683.4M | $527.4M |
| Rank (by USD value) | #18 | #20 |
| Peg | USD | USD |
| Mechanism | crypto-backed | fiat-backed |
| Backing | — | Tokenized US Treasuries (Ethena) |
| Chains deployed | 3 | 2 |
| Primary chain | BSC | Ethereum |
| Issuer | — | Ethena Labs |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDX and USDTB?
Both track USD, so they compete for the same use cases. USDTB holds tokenized us treasuries (ethena). We track no published reserve breakdown for USDX. USDX ranks #18 by USD value and USDTB ranks #20.
Which is bigger, USDX or USDTB?
USDX is larger, with $683.4M in circulation vs $527.4M for USDTB. That's roughly 1.3× the size.
Is USDX safer than USDTB?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDX uses a crypto-backed model; USDTB uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDX and USDTB?
Yes. USDX and USDTB both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose USDX or USDTB?
The right choice depends on your use case. Consider: which chain do you need? USDX is available on 3 chains and USDTB on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.