usdat

According to PieShield's monitoring, the staking stablecoin sUSDat, fully backed by the digital credit asset STRC, once depegged, dropping about 7% to below $0.93, and then rebounded to $0.98. PieShield stated that this market fluctuation occurred after Strategy symbolically broke the "Never Sell" principle.During the reporting period, Strategy sold 32 BTC at an average price of approximately $77,135, with a total value of about $2.5 million, accounting for 0.0038% of its holdings of over 843,000 BTC. The funds raised will be used for distribution expenses. In addition, Strategy also sold 801,994 shares of common stock during the same period, raising approximately $128.3 million.

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.