Stablecoin protocol USDat developer Saturn completes $800,000 financing, with participation from YZi Labs and others
PANews January 16th news, according to official sources, stablecoin protocol USDat developer Saturn has announced the completion of an $800,000 funding round, with participation from YZi Labs, Sora Ventures, and several angel investors in the crypto field.
The revenue of the USDat protocol mainly comes from a combination of Strategy perpetual preferred shares STRC and US Treasury bonds. The project team stated that the protocol attempts to introduce institutional-grade credit into DeFi, enabling Strategy's credit to be utilized on-chain and providing new models for corporate treasuries in decentralized finance.
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