Saturn, the developer behind the USDat stablecoin protocol, has successfully raised $800,000 in a recent funding round. The investment was led by YZi Labs, with participation from Sora Ventures and several angel investors. The USDat protocol generates revenue through Strategy's perpetual preferred stock and US Treasury bonds, aiming to integrate institutional-grade credit into decentralized finance (DeFi). This initiative seeks to enable on-chain use of Strategy's credit, offering a novel model for corporate treasury management within the DeFi ecosystem.
Saturn Secures $800,000 in Funding for USDat Stablecoin Protocol
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