Stablecoin protocol USDat developer Saturn completes $800,000 financing, with participation from YZi Labs and others

According to official news, the stablecoin protocol USDat's developer Saturn announced the completion of an $800,000 funding round, which was participated in by YZi Labs, Sora Ventures, and several angel investors in the crypto space.

The revenue source of the USDat protocol mainly combines the Strategy perpetual preferred stock STRC with U.S. Treasury bonds. The project team stated that the protocol aims to bring institutional-grade credit into DeFi, allowing Strategy's credit to be used on-chain and providing a new model for corporate treasury in decentralized finance.