EthereumSTBT maintains a $1.00 peg and distributes yield through daily positive rebases, backed by US Treasury bills with six months or less to maturity and reverse repos. Issued by Matrixdock (Matrixport Group) for accredited non-US investors, with reserves attested by independent accountants and mirrored via Chainlink proof-of-reserve.
Dollar-pegged rebasing token distributing daily T-bill yield.
Prism analyst note
STBT was among the first rebasing treasury tokens and remains a clean implementation: $1 peg, daily rebase, Chainlink-verifiable reserves. Its Curve pool liquidity thinned versus 2023 peaks as competitors scaled, making it more a hold-to-earn instrument than a trading asset today. The offshore SPV structure is weaker than the regulated-fund wrappers of larger rivals, priced in via a modestly higher risk score.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
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Prism read this token's contract directly on its chain and confirmed the figures the issuer publishes.
- What was checked
- Prism read this token's contract on Ethereum and confirmed the symbol, decimals, and supply the issuer publishes.
- Source
- Matrixdock
- Last verified
- Jan 10, 2026
- Token contract
- 0x5308…b44a
- Custody
- US-regulated broker custody for T-bills
Structure & compliance
Documents & disclosures
Frequently asked
How do rebases work?+
Token balances increase daily to distribute accrued yield while the price stays at $1.00.