How does STBT Work?
Holding 1 STBT is equivalent to holding 1 USD net-asset value (NAV) of short-term U.S. treasuries, with daily interest received via rebasing mechanism on-chain.
Holding 1 STBT
Holding $1.00 Worth of U.S. Treasuries
Daily Interest
Total Distributed Interest
And APY History
Total Distributed Interest
And APY History
Since the launch day of STBT, over $6 million in interest has been distributed to STBT holders.
30d Avg.APY(%)
Total Interest($)
Exclusively Designed for Accredited Investors
STBT is exclusively tailored for Accredited Investors, this focus allows us to provide more targeted and enhanced services, ensuring a higher level of quality and attention to your needs.
Total STBT Supply
23,672,270.78 STBT
Etherscan
Total Reserves NAV
$ 23,853,569.98
| Assets | Composition of STBT | Composition of Reserves | Maturity | Laddering of Asset Classes |
 U.S. T-Bills | $23.67M 100.00% | $23.85M | < 3 months |  |
 USTB | $0.00M 0.00% | $0.00M | Not applicable |  |
 BUIDL | $0.00M 0.00% | $0.00M | Not applicable |  |
 USD Cash | $0.00M 0.00% | $0.00M | Not applicable |  |
Mint, Redeem and Yield Flows
STBT mints are processed in T+0 days and STBT redemptions are processed in T+2 days (T+0 days redemption available for daily global limit of $1M).
FAQs
What are the STBT daily rebase rules for interest distribution?
How will the composition of underlying assets be determined?
How does the issuance and redemption of STBT work?
Why do the values of total network supply and total asset NAV differ?
What are the fees charged?
