Centrifuge vs Ethena Labs (USDTB) — how do they compare? Centrifuge trades at Rp3,242 (market cap Rp1,87T, Rp159,57M 24h volume), while Ethena Labs (USDTB) trades at Rp18,111 (market cap Rp13,15T, Rp150,07M 24h volume). The key difference: Ethena Labs (USDTB) is far larger — about 7× Centrifuge's market cap, and Centrifuge's circulating supply is 577,2M CFG versus 727,2M USDTB for Ethena Labs (USDTB). Which is the better fit depends on your goals — on Pluang, investors hold Centrifuge for 4 Days and Ethena Labs (USDTB) for 23 Days on average.
| CFG | USDTB | |
|---|---|---|
Market Cap | Rp1,87T | Rp13,15T |
Volume (24h) | Rp159,57M | Rp150,07M |
Circulating Supply | 577,2M CFG | 727,2M USDTB |
Typical Hold Time | 4 Days | 23 Days |
Centrifuge is a decentralized infrastructure protocol that brings real-world assets like invoices, real estate, and Treasury bills onchain for use in DeFi. It provides open, EVM-native infrastructure for tokenizing and managing financial assets across multiple networks, including Ethereum, Base, and Avalanche. The CFG token powers governance, enabling holders to vote on protocol upgrades and strategic decisions through a DAO.
Read more on CFG →USDtb is a fiat-backed stablecoin pegged to the US dollar, similar to USDC or USDT, with unrestricted transferability. Backed primarily by BlackRock’s BUIDL (90% of reserves), it holds the highest BUIDL allocation of any stablecoin, enabling unmatched scalability.
Read more on USDTB →