---
title: "Nest Treasury Vault (nTBILL) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/ntbill-nest/"
description: "Build-time stablecoin profile for Nest Treasury Vault (nTBILL). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Nest Treasury Vault (nTBILL)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Nest Credit Treasury vault share on Plume routing into Superstate USTB/USCC and Janus Henderson JTRSY; NAV-accreting fund-of-funds-style token, not a par-redeemable dollar. nTBILL is Nest Credit's {{term:treasury}}Treasury{{/term}} vault on Plume: a vault share whose value tracks a curated book of Superstate USTB / USCC and Janus Henderson JTRSY positions, plus a small stablecoin liquidity buffer. The token is NAV-accreting and primary mint/{{term:redemption}}redeem{{/term}} runs through Nest at vault NAV. Reserves are sourced live from the Nest Credit positions API, the same positions source that supports inALPHA. Pharos tracks nTBILL because it references a dollar base, but the token behaves like a tokenised {{term:money-market-fund}}fund-of-funds{{/term}} share rather than a par-redeemable stablecoin.

## Collateral

Tokenised short-duration U.S. Treasury exposure routed by Nest into Janus Henderson JTRSY and Superstate USTB positions, plus a small stablecoin liquidity buffer

## Peg Mechanism

Vault LP token whose value targets a dollar base and accretes through underlying Treasury fund NAV; primary mint and redemption occur through Nest at vault NAV against USDC and pUSD

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Marshall Islands | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9` | 6 |
| plume | `0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9` | 6 |
| arbitrum | `0xe72fe64840f4ef80e3ec73a1c749491b5c938cb9` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/ntbill-nest.