Saturn Raises Funding for Yield-Bearing Stablecoin USDat
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Crypto startup Saturn has secured $800,000 in funding to develop USDat, an on-chain dollar product that channels yield from Strategy's Bitcoin-linked credit instruments into DeFi. The funding round included $500,000 from YZi Labs and a $300,000 angel raise led by Sora Ventures, positioning USDat as a dollar-denominated token whose returns are tied to Strategy's STRC preferred equity.
This development represents a significant innovation in the stablecoin space, offering investors exposure to Strategy's reported 11% Bitcoin dividends without direct stock ownership. By bridging traditional finance yield mechanisms with decentralized protocols, Saturn aims to create a new category of yield-bearing stable assets that could attract both crypto-native and institutional capital seeking dollar-denominated returns in volatile markets.
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