NexUSDTB vs KBTC — price, size and safety, side by side
USDTB (Ethereum) vs KBTC (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-11-13 / 2026-11-13.
USDTB vs KBTC — normalized performance, 2026-09-26 to 2026-11-13T12:15:58
| USDTB | KBTC | |
|---|---|---|
| Price | $0.9993 | $69.83K |
| Market cap | $417.73M | $635.58M |
| 24h volume | $129.72K all venues | $3.08M all venues |
| Liquidity | $10.16M | $7.04M |
| FDV | $417.73M | $484.06M |
| Holders | 295,077 | 5,149 |
| Age (days) | 631 | 155 |
| Safety grade | B | B |
Where they differ
- KBTC measures ~1.5× the market cap of USDTB
- KBTC measures ~24× the 24h volume of USDTB
- USDTB measures ~57× the holder count of KBTC
- over the shared window USDTB moved −0.11% while KBTC moved −11.8%
What the data says
USDTB
USDtb is BlackRock's tokenized-T-bill answer to Tether — the stablecoin Ethena issues backed by BUIDL fund shares, built to hold a dollar peg with the largest asset manager's fund as the reserve. The deployment 0xc139190f447e929f090edeb554d95abb8b18ac1c is the Ethereum mint; our November 6, 2026 snapshot reads $10 million of tracked pool liquidity.
The honest framing: USDtb's reserve is only as liquid as BUIDL itself — a fund that settles like a security, not a money-market claim, which means redemptions inherit the fund's terms, not a stablecoin's usual instant-exit promise. That is a feature for holders who want T-bill duration and a constraint for anyone assuming redemption is instant.
KBTC
KBTC is Kraken's wrapped Bitcoin — the exchange's entry into the custodial-BTC field that BitGo's WBTC defined and Coinbase's cbBTC made a two-horse race. The deployment 0x73e0c0d45e048d25fc26fa3159b0aa04bfa4db98 is the Ethereum mint; our November 6, 2026 snapshot reads $7 million of tracked pool liquidity — real but thin against the incumbents' billions.
The honest framing is custody-shaped: a wrapped BTC is a claim on whoever holds the underlying coins, so Kraken's operational record and regulatory posture are the actual asset backing this token — same trust model as WBTC and cbBTC, different custodian. The spread between this read and the leaders' depth is the market's verdict on how much of that custody people want exposure to on-chain versus at the exchange itself.
FAQ
Which is bigger, USDTB or KBTC?
By tracked market cap: USDTB (Ethereum) measures $417.73M and KBTC (Ethereum) measures $635.58M — dated snapshots, not a live feed.
Which is safer, USDTB or KBTC?
On the contract checks we publish: USDTB (Ethereum) grades B and KBTC (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDTB and KBTC performed over the shared window?
Between 2026-09-26 and 2026-11-13T12:15:58, the measured snapshots show USDTB at −0.11% and KBTC at −11.8%.
More comparisons
USDTB vs SUSDAIUSDTB vs SKYUSDG vs USDTBUSDTB vs USDCKBTC vs USDCKBTC vs EUROCSKY vs KBTCKBTC vs ENA
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-26→2026-11-13T12:15:58; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.