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Superstate Short Duration U.S. Government Securities Fund (USTB)USTBÉpico
85/100STRICT
Épico
#91cap. de mercado19 de out. de 2026

Superstate Short Duration U.S. Government Securities Fund (USTB)

USTB
RWA, pesos de pagamentos e rwaRanking de cap. de mercado 91, CoinGecko 8 de nov. de 2026
Fundamentos, não preço
PilarAvaliaçãoPosição na escala de 0 a 100PesoContribuição
Sustentabilidade91×0,2421,84
Transparência95×0,2019,00
Receita81×0,1612,96
Inovação82×0,129,84
Comunidade72×0,128,64
Tokenomics82×0,1613,12
Soma ponderada, total de pesos 1,0085,40Arredonda para a pontuação publicada85
Analisado
19 de out. de 2026
Motor
v5.2.0
Calculado
2026-10-19 05:21 UTC
Hash de entradas
a4de7b43f5b5

O Lite desbloqueia Superstate Short Duration U.S. Government Securities Fund (USTB) por completo. Variação, cenário, sinal, fatores de risco, catalisadores.

Ver planos

Pesquisa, não constitui aconselhamento financeiro. Leia os termos.

Evidências dos pilares

Conjunto de dados 19 de out. de 2026. 7 fontes, 12 citações.
Cada arco é a avaliação de um pilar, desenhada em escala de 0 a 100.

Em inglês

Sustentabilidade91

Este projeto consegue continuar operando e se financiando por anos?

Backed by short-duration US Treasury bills and government repurchase agreements managed by Invesco on Superstate SEC-registered transfer-agent infrastructure.12

Transparência95

Pessoas de fora conseguem ver e verificar o que a equipe e o protocolo fazem?

SEC-registered transfer agent records, continuous Chainlink net asset value oracle feeds, and published daily holdings provide institutional verification.23

Receita81

O protocolo gera taxas reais ou receita com o uso?

Underlying US Treasury bills generate sovereign interest accrued directly into the $11.25 share price under a 0.15% annual management fee.14

Inovação82

A tecnologia está sendo desenvolvida e lançada, e ela realmente importa?

Multi-chain tokenized fund architecture spans Ethereum, Solana, Plume Network, and Base with continuous Chainlink NAV updates and USDC redemptions.56

Comunidade72

Quem usa, desenvolve e detém a moeda, e quão durável é essa base?

Institutional adoption spans Qualified Purchasers and major on-chain lending integrations across Spark Liquidity Layer, Aave Horizon, and Kamino.71

Tokenomics82

O fornecimento, a emissão e os desbloqueios protegem os detentores contra a diluição?

Circulating supply equals 100% of total supply at 73.29 million shares with zero unlock dilution and direct 1:1 NAV minting and redemption.34

Fontes

Sobre Superstate Short Duration U.S. Government Securities Fund (USTB)

Análise de 19 de out. de 2026

Em inglês Tradução pendente: esta análise é apresentada em inglês.

USTB is an institutional tokenized short-duration US Treasury fund managed by Invesco and powered by Superstate transfer-agent infrastructure. Launched in February 2024 and co-managed with Invesco since March 2026, the fund invests in short-term US Treasury bills and government repurchase agreements.

Visão geral completaMostrar menos

Unlike rebasing tokens locked at $1, each share accumulates yield directly inside its net asset value using continuous Chainlink oracle feeds. Superstate expanded token issuance to Base on September 30, 2026, adding to earlier deployments on Ethereum, Solana, and Plume Network.

By October 2026, circulating supply stood at 73.29 million tokens across Qualified Purchaser wallets and institutional decentralized finance protocols. Approved investors subscribe and redeem shares on market days using either US dollars or Circle USDC at a 0.15% management fee.

Tese de investimento

USTB gives institutional treasuries and decentralized finance protocols direct on-chain exposure to short-duration US sovereign debt. The March 2026 partnership with Invesco connected a $2.2 trillion traditional asset manager to Superstate SEC-registered transfer-agent rails.

Tese completaMostrar menos

Rather than distributing monthly token rebases, the fund uses an accumulating share price that simplifies margin accounting for lending markets. Chainlink oracles publish continuous net asset value updates on-chain, supporting automated collateral pricing across Spark Liquidity Layer, Aave Horizon, and Kamino.

Expanding issuance to Base on September 30, 2026 broadened multi-chain accessibility alongside existing Ethereum, Solana, and Plume Network contracts. At a 0.15% management fee with zero performance fee, the fund competes aggressively on cost against rival tokenized cash instruments.

Primary constraints remain the Qualified Purchaser onboarding requirement, Federal Reserve interest rate sensitivity, and larger scale at BlackRock BUIDL and Circle USYC.

Pontos fortes
  • Invesco asset management partnership. The March 2026 alliance pairs a $2.2 trillion institutional manager with Superstate SEC-registered transfer-agent technology.
  • Continuous oracle reporting. Chainlink feeds broadcast real-time net asset value updates on-chain, reaching an $11.25 share high in October 2026.
  • DeFi lending composability. Spark Liquidity Layer, Aave Horizon, and Kamino integrate the accumulating share token as institutional lending collateral.
  • Multi-chain deployment footprint. Native issuance across Ethereum, Solana, Plume Network, and Base as of September 2026 supports cross-ecosystem treasury operations.
  • Low institutional fee structure. A 0.15% annual management fee and direct USDC subscription and redemption rails minimize friction for corporate treasuries.
Riscos
  • Qualified Purchaser restriction. Strict US securities rules limit direct ownership to accredited institutional investors, excluding retail wallets and open DEX pools.
  • Policy rate sensitivity. Underlying returns track short-term US Treasury yields, so Federal Reserve rate cuts directly lower holder yield.
  • Larger incumbent rivals. BlackRock BUIDL and Circle USYC command larger assets under management and deeper centralized exchange collateral integrations.
  • Multi-chain smart contract surface. Operating permissioned token contracts across Ethereum, Solana, Plume, and Base increases cross-network operational dependencies.
Posição competitiva

USTB competes in the institutional tokenized US Treasury market against BlackRock BUIDL, Circle USYC, and Franklin Templeton BENJI. While BUIDL and USYC hold larger total assets, USTB differentiates itself through an accumulating NAV design, a 0.15% management fee, and Invesco portfolio management.

Posição completaMostrar menos

Continuous Chainlink NAV feeds and instant USDC mint and redeem rails make the token operationally simpler for lending protocols like Spark, Aave Horizon, and Kamino. With deployments across Ethereum, Solana, Plume Network, and Base by October 2026, Superstate positions the fund as multi-chain collateral infrastructure for qualified institutions.

Conclusão

USTB combines Invesco sovereign debt management with Superstate SEC-registered tokenization to deliver institutional US Treasury yield on-chain. By October 2026, the fund supported 73.29 million circulating shares at an $11.25 accumulating net asset value across Ethereum, Solana, Plume, and Base.

Conclusão completaMostrar menos

Chainlink continuous NAV reporting and integrations with Spark, Aave Horizon, and Kamino reinforce its utility as DeFi lending collateral. Qualified Purchaser restrictions exclude retail investors, but institutional treasuries gain a low-cost, 0.15%-fee sovereign cash instrument.