USDtb is a digital dollar, otherwise known as a USD stablecoin. USDtb can be used the same way a holder would use any other dollar, whether to send and receive payments, acquire and trade assets, or to simply hold dollars.

Unlike actual dollars, USDtb is a blockchain-based token, which enables faster and cheaper spending than the traditional fiat banking system. Unlike many digital assets, USDtb is fully backed by institutional-grade tokenized U.S. treasury fund products (alongside a stablecoin reserve designed to facilitate rapid redemptions) to support stability. Initially, USDtb will be backed by BlackRock’s USD Institutional Digital Liquidity Fund Token, BUIDL.

As of October 13, 2025, the issuance, redemption, and reserve management for USDtb were transitioned to Anchorage Digital Bank.

Please refer to our page for more information, including a transparency dashboard showing the underlying reserve assets.

Figma:

Smart contracts have passed 3 full private audits from leading auditors Pashov Audit Group, Quantstamp, and Cyfrin with no high or medium level findings in October 2024. An additional Code4rena contest was completed in early November 2024.

Private audits

Pashov Audit Group

Quantstamp

Cyfrin

Public contest

Code4rena

Only customers of Anchorage Digital Bank are able to mint and redeem USDtb.

Please reach out via the following link - https://www.anchorage.com/get-in-touch

Anchorage Digital Bank's Terms and Conditions can be found here: https://www.anchorage.com/anchorage-digital-bank-n-a-covered-stablecoin-terms

Last Updated: November 2025

These Terms of Use ("Terms") govern your access to and use of the website located at usdtb.money (the "Site"), operated by Pallas (BVI) Ltd (“Pallas”, “we”, “us”, or “our”). By accessing or using the Site, you agree that you have read, understood, and accept all of the terms and conditions contained in these Terms, as well as our Privacy Policy and Cookie Policy. You acknowledge and agree that you will be bound by these Terms and policies.

Section 12 of these Terms governs how these Terms may be changed over time; the date of the last update is set forth at the top of these Terms.

1. About

The Site is for informational purposes only and does not offer any financial products, services, or transactions. Your access to and use of the Site is subject to these Terms.

1. Eligibility

To access or use the Site, you must be at least 18 years old (or the age of majority in your jurisdiction) and not barred from using the Site under applicable laws. You represent that you are not located in a jurisdiction where access to the Site is prohibited, including any sanctioned countries. If you do not meet these requirements, you must not access or use the Site.

1. User Conduct

You agree to use the Site only for lawful purposes and in accordance with these Terms. Prohibited activities include, but are not limited to: (i) violating any laws or regulations; (ii) interfering with the Site's operation, such as hacking, introducing viruses, or excessive scraping; (iii) impersonating others or providing false information; or (iv) using the Site for commercial purposes without our consent. We reserve the right to terminate your access for any violation.

1. Limited License; IP Rights

We grant you a limited, non-exclusive, non-sublicensable, and non-transferable license to access and use the Site for personal, informational purposes only. Any other use is prohibited. You agree not to modify, copy, scrape, or create derivative works based on the Site without our consent. If you violate these Terms, your access may be terminated.

"usdtb.money", "Pallas", and all logos related to the Site are either copyrights, trademarks, or registered marks of Pallas or its licensors.

1. Privacy

We are committed to protecting your personal information and helping you understand exactly how your personal information is being used. You should carefully read the Pallas Privacy Policy, as it provides details on how your personal information is collected, stored, protected, and used.

1. Disclaimers

Your access to and use of the Site is at your own risk. The Site is provided “AS IS” and “AS AVAILABLE” without warranties of any kind, express or implied, including but not limited to warranties of title, merchantability, fitness for a particular purpose, or non-infringement. Pallas and its affiliates (the “Pallas Entities”) disclaim all responsibility for the accuracy, availability, security, or reliability of the Site; any harm from its use; compatibility with devices; or uninterrupted access. Information may not be up to date; verify independently. Links to third-party content are for convenience; we do not endorse them and have no liability. All information is informational only and not advice.

1. Limitation of Liability

To the fullest extent permitted by law, Pallas and the Pallas Entities shall not be liable for any indirect, incidental, special, consequential, or exemplary damages, including but not limited to loss of profits, goodwill, use, data, or other intangible losses, arising from your use of or inability to use the Site, regardless of the theory of liability (contract, tort, or otherwise), even if advised of such possibility. If any limitation is unenforceable, our total liability is limited to $100 USD.

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations set forth above may not apply to you. If you are dissatisfied with the Site, your sole and exclusive remedy is to discontinue use of the Site.

1. Indemnification; Release

You agree to indemnify and hold harmless Pallas, its affiliates, and their respective officers, directors, employees, and agents from any claims, demands, losses, damages, or expenses (including reasonable attorneys’ fees) arising from your breach of these Terms, violation of law, or misuse of the Site.

If you have a dispute with one or more users or third parties, you release Pallas (and its affiliates and service providers, and each of their officers, directors, agents, joint ventures, employees and representatives) from all claims, demands, and damages (actual and consequential) of every kind and nature arising out of or in any way connected with such disputes.

1. Force Majeure

We shall not be liable for any failure or delay in performing our obligations under these Terms due to events beyond our reasonable control, including acts of God, natural disasters (e.g., flood, fire, earthquake), war, terrorism, riots, government actions, embargoes, strikes, or widespread utility failures.

1. Governing Law

These Terms are governed by the laws of the British Virgin Islands, without regard to conflict of laws rules. The proper venue for any disputes arising out of or relating to these Terms will be the courts in the British Virgin Islands.

1. Arbitration and Class Action Waiver

PLEASE READ THIS SECTION CAREFULLY - IT MAY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT.

You and Pallas agree that any dispute, controversy, or claim (“Claim”) relating to these Terms or your use of the Site will be resolved by binding arbitration under the BVI IAC Arbitration Rules, by three arbitrators appointed in accordance with those rules. The arbitration will be conducted in English on an individual basis-class arbitrations and class actions are not permitted. You and Pallas waive the right to trial by jury or to participate in a class action.

Exceptions: Disputes may be resolved in court for (i) small claims within jurisdictional limits, (ii) injunctive relief only, or (iii) intellectual property disputes.

To the fullest extent permitted by law, any proceeding will be on an individual basis only, not as part of any class or representative action. If this waiver is unenforceable, the arbitration agreement is void for that proceeding.

1. Miscellaneous

We may amend these Terms by posting the revised version with an updated date; changes are effective upon your next use. If you disagree, stop using the Site. We reserve the right to change, suspend, or discontinue the Site at any time without notice. If any provision is invalid, the rest remain enforceable. These Terms may be assigned by Pallas but not by you without consent. No waiver of any breach is a waiver of others. These Terms, with the Privacy Policy and Cookie Policy, constitute the entire agreement.

How to Contact Us. You may contact us regarding the Site or these Terms by e-mail at: [email protected]

Like almost every other online service, our Services (including our website and app) use cookies and similar technologies to provide you with an enhanced user experience as well as allowing us to analyze and improve our Services. We would not be able to provide you with all of our Services, including certain personalized features, without the use of cookies and related technology and as such, your computer, mobile phone, tablet or other enabled mobile device (which we refer to collectively in this policy as a “device”) will need to be set up to enable such technologies.

By visiting and continuing to browse our website, using our app, including, where appropriate, with your browser settings adjusted to accept cookies, you are consenting to our use of cookies, web beacons and related technologies to provide our Services. If you do not consent to our use of cookies your only recourse is to stop using the Services and stop visiting our website. You are also free to disable cookies in your browser, but doing so may interfere with your use of our website or the Services. See Section 2 below for information on how to disable cookies.

1. What do we mean when we use the term ‘cookie’, ‘web beacon’ or ‘similar technology’?

Cookies is a term used to describe a small text file (typically made of letters and numbers) that is downloaded and stored on your browser or your device by websites that you visit. They are sometimes considered as forming part of the “memory” of your use of websites and related services as they allow service providers to remember you and respond appropriately.

Cookies are typically split into 2 main types, namely:

Session cookies

Session cookies are stored in your device’s memory only for the length of time of your browsing session. For example, session cookies allow you to move around our website without having to repeatedly log in. They are not accessible after your browser session may have been inactive for a period of time and are deleted from your device when your browser is closed down.

Persistent cookies

Persistent cookies are stored in your device’s memory and are not deleted when your browser is closed. Persistent cookies can helpfully remember you and your preferences each time you access our Services.

Pallas uses both of these types of cookies.

Cookies can also be further categorized as follows:

• Strictly necessary cookies. These are cookies that are required for the necessary operation of our services. They include, for example, cookies that enable you to log into secure areas of our website and/or app.

• Performance cookies. They allow us to recognize and count the number of visitors and to see how visitors move around our website when they are using it. This helps us to improve the way our website works, for example, by ensuring that users are finding what they are looking for easily.

• Functionality cookies. These are used to recognize you when you return to our website. This enables us to personalize our content for you, greet you by name and remember your preferences (for example, your choice of language or region).

Web beacons.

The term ‘web beacon’ is used to describe an object embedded in a webpage or email. This object is typically invisible to you, but it permits us to confirm whether you have viewed the web page and/or email (as the case may be). There are other names for ‘web beacons’ which you may come across – these include web bug, tracking bug, clear gif and pixel tag.

2. Managing Cookies

You can manage your cookies (including the enabling or disabling of cookies) by using your browser. For example, you block cookies by activating the setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including cookies that are strictly necessary) you may not be able to access all or parts of our Services.

Each browser is different and as such we suggest that you check the ‘Help’ menu on your particular browser (or your mobile phone’s handset manual) to learn how to change your cookie preference. You may also find more information on how to manage your cookies from third party websites (such as ).

Here are some links to popular browser cookie information pages which you might find helpful to assist in your cookie management

3. General

We hope the above has clearly explained how we use cookies and similar technologies as well as how you can manage such matters. While we have provided details of third party websites and services which we thought you may find useful, please note that we are not responsible for the content, functionality or services provided by such sites. If you have any further questions or comments about our use of cookies, please contact us via: [email protected].

This Privacy Policy describes how Pallas (BVI) Ltd and its applicable subsidiaries, (collectively, “Pallas”, “we”, “us” or “our”) collects, uses, stores, shares and protects your information. This Privacy Policy describes our practices in connection with information collected through our websites and other Pallas services or products (“Pallas Services”).

This Privacy Policy provides a general overview of our privacy practices regarding your information. It is important that you read this Privacy Policy together with any other privacy notice or fair processing notice we may provide on specific occasions and which may be applicable to you when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This Privacy Policy supplements the other notices and is not intended to override them. You can learn more about certain jurisdiction-specific information in the applicable sections at the bottom of this Privacy Policy, including information for individuals residing in the European Economic Area (“EEA”), Singapore, Switzerland, and the United Kingdom.

1. Overview

Purpose of this Privacy Policy

We know how important privacy is to our users, which is why this Privacy Policy explains how we collect and use data.

2. The Data we Collect About You

Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data).

We may collect, use, store and transfer, or utilize third party services to collect, use, store, and transfer, different kinds of personal data about you which we have grouped together as follows:

• Identity Data includes first name, middle name, maiden name, last name, title, tax ID, marital status, date of birth, gender, identity document number, nationality and any other information contained in any identification documents you provide to us (e.g. your passport or driver’s license).

• Contact Data includes billing address, residential address, email address and telephone numbers.

• Financial Data includes bank account details.

We also collect, use and share Aggregated Data such as statistical or demographic data for any purpose. Aggregated Data may be derived from your personal data but is not considered personal data in law as this data does not directly or indirectly reveal your identity. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this Privacy Policy.

We do not collect any Special Categories of Personal Data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, genetic and biometric data).

Information about criminal convictions

When you register for Pallas Services, we may receive information about your criminal convictions when we perform certain verification or compliance checks. We carry out these checks in order to detect or prevent any unlawful or fraudulent acts and to comply with our legal obligations.

If you fail to provide personal data

Where we need to collect personal data by law, or under the terms of a contract we have with you and you fail to provide that data when requested, we may not be able to perform the contract we have or are trying to enter into with you (i.e. to provide the Pallas Services to you). In this case, we may have to limit or restrict your access to Pallas Services, in accordance with the terms of the Pallas User Agreement, but we will notify you if this is the case at the time.

3. How We Collect your Personal Data

We use different methods to collect data from and about you including through:

• Direct interactions. You may give us your Identity, Contact, Financial, Transaction, Profile, Usage, Marketing and Communications and Location Data by filling in forms or by corresponding with us by post, phone, email or otherwise. This includes personal data you provide when:

  • we need to request more information to verify your identity or to meet our legal obligations;

  • you request marketing to be sent to you;

In providing personal data of any individual (other than yourself) to us, you agree that you have obtained consent from such individuals to disclose their personal data to us for processing.

4. How We Use Your Personal Data

We collect all of the information in Section 2 (The Data we Collect About You) so that we can provide you with the Pallas Services. The information we collect allows us to:

• Deliver the full functionality of the Pallas Services;

• Keep in touch with you - whether it be for providing customer service, notifying you of new features or updates to the Pallas Services, or providing security notices or information;

• Verify your identity so that we can prevent fraud or unauthorized activity, and to comply with applicable laws; and

We may combine your information with information we collect from other companies and use it to improve and personalize the Pallas Services, as well as our content and advertising.

Purposes for which we will use your personal data

We have set out below a description of the ways we plan to use your personal data, and which of the legal bases we rely on to do so. We have also identified what our legitimate interests are where appropriate.

Legitimate Interest means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting Support.

Note that we may process your personal data for more than one lawful basis depending on the specific purpose for which we are using your data. Please contact Support if you need details about the specific legal ground we are relying on to process your personal data where more than one ground has been set out in the table below.

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Change of purpose

We will only use your personal data in accordance with the purposes described in this Privacy Policy and as provided for under applicable law for the purposes for which we collected it. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us.

If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so.

Third-party links

The Pallas Services may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We are not responsible for the data collection and processing practices of the third party and use of any third party websites is subject to their privacy policies. When you leave our website, we encourage you to read the privacy notice of every website you visit.

5. Marketing

We strive to provide you with choices regarding certain personal data uses, particularly around marketing and advertising. We have established the following personal data control mechanisms:

Promotional offers from us

We may use your Identity, Contact, Technical, Profile and Usage Data to form a view on what we think you may want or need, or what may be of interest to you. This is how we decide which products, services and offers may be relevant for you (we call this marketing).

You will receive marketing communications from us if you (i) have requested information from us; (ii) use our Pallas Services; or (iii) provided us with your details when you registered for a promotion and you have not opted out of receiving that marketing.

Third-party marketing

We will get your express opt-in consent before we share your personal data with any company outside the Pallas group of companies for marketing purposes.

6. Cookies

You can set your browser to refuse all or some browser cookies, or to alert you when websites set or access cookies. If you disable or refuse cookies, please note that some parts of our website may become inaccessible or not function properly.

Do Not Track (“DNT”) is an optional browser setting that allows you to express your preferences regarding tracking by advertisers and other third-parties. At this time, we do not respond to DNT signals.

For more information about the cookies we use, please see our Cookie Policy.

7. How We Share Your Personal Data

Sharing with third parties

We may have to share your personal data with the parties set out below for the purposes set out in Section 4 above:

• Verification service providers - In order to detect and/or prevent fraud and comply with our legal obligations, we will sometimes need to share your information with third party identity verification services. This lets us make sure you are who you say you are, by comparing the information you provide us to public records and other third party databases. This may include searches through electronic services such as credit bureaus, but we will not do so in a manner that would have an adverse impact on your credit or credit score.

• Operational service providers - In order to deliver the Pallas Services to you, we will need to share your information with third parties who provide us with certain tools/services including data storage, onboarding, customer service platforms, accounting and invoicing, IT, email, SMS text, and other communication channels, security and fraud detection.

8. International Transfers

Pallas conducts business throughout the world. Personal data may be stored and processed in any country where we do business or our service providers do business. We may transfer your personal data to other countries, which may have different data protection laws. When transferring data across borders, we take measures to comply with applicable data protection laws related to such transfer.

If you are located in the European Economic Area (“EEA”), the UK, Singapore or Switzerland, we rely on the Standard Contractual Clauses (SCCs) to provide an adequate level of data protection for the transfer of your Personal Data from the EEA, the UK, or Switzerland, where the country of import is not deemed adequate under applicable law.

9. How We Protect Your Personal Data

We protect your information using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure and alteration. Some of the safeguards we use are firewalls and data encryption, physical access controls to data centers and information access authorisation controls.

Sometimes in order to better secure your information and use it for the purposes contemplated by this Privacy Policy, certain personal data may be stored with our third party partners and service providers.

10. Data Retention

We will only retain your personal data for as long as necessary to fulfill the purposes we collected it for, including for the purposes of satisfying any legal, accounting, or reporting requirements.

To determine the appropriate retention period for personal data, we consider the amount, nature, and sensitivity of the personal data, the potential risk of harm from unauthorized use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal requirements.

11. Children’s Privacy

Unfortunately, if you’re under 18, you can’t use Pallas Services. We do not knowingly solicit or collect information from anyone under 18. If we become aware that a person under the age of 18 has provided us with personal information, we will delete it immediately.

12. Changes to the Privacy Policy and Your Duty to Inform Us of Changes

We may change this Privacy Policy from time to time. When we do make updates, we’ll let you know by changing the date at the top of this Privacy Policy. If it is a more extensive or significant update, we’ll send you a notification or post a notice on our website. If you ever have any questions about changes made to the Privacy Policy, just reach out to Support.

It is important that the personal data we hold about you is accurate and current. If you need to add or change any information, you can notify Support. Please keep us informed if your personal data changes during your relationship with us.

Customers in the the EEA, UK, and Switzerland

The following Section applies to Customers in the EEA, UK, and Switzerland only and supplements the information contained in the Privacy Policy.

Most commonly, we will use your personal data in the following circumstances:

• Where we need to perform the contract we are about to enter into or have entered into with you.

• Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.

• Where we need to comply with a legal or regulatory obligation.

Generally, we do not rely on consent as a legal basis for processing your personal data other than in relation to sending third party direct marketing communications to you via email or text message. You have the right to withdraw consent to marketing at any time by contacting Support.

For the purposes of the General Data Protection Regulation (EU) 2016/679 (“GDPR”), the UK Data Protection Act 2018 and the UK GDPR, and the Swiss Federal Act on Data Protection, Pallas is the controller of your personal data. Pallas Internet Financial Limited is Pallas’s representative establishment in the United Kingdom.

Your legal rights

Under certain circumstances, you have rights under data protection laws in relation to your personal data:

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No fee usually required

You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we may refuse to comply with your request in these circumstances.

What we may need from you

We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response.

Time limit to respond

We try to respond to all legitimate requests within one month or in accordance with applicable law. Occasionally it may take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.

USDtb is available to custody with the following Custodians: