Crypto startup Saturn is raising funds for its on-chain dollar product, USDat, which 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. Saturn positions USDat as a dollar-denominated token with returns tied to Strategy’s STRC preferred equity. STRC, a Nasdaq-listed perpetual security, currently pays an annualized dividend of 11%, distributed monthly. Saturn aims to convert Strategy’s dividend-paying preferred stock into a digital asset for use within DeFi protocols, creating a tokenized credit wrapper rather than a stablecoin backed by U.S. Treasuries. This approach leverages Bitcoin price volatility through Strategy's balance sheet to support STRC dividends, which are then channeled into tokenized dollar liabilities.

Crypto startup Saturn is raising funds for its on-chain dollar product, USDat, which 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. Saturn positions USDat as a dollar-denominated token with returns tied to Strategy’s STRC preferred equity. STRC, a Nasdaq-listed perpetual security, currently pays an annualized dividend of 11%, distributed monthly. Saturn aims to convert Strategy’s dividend-paying preferred stock into a digital asset for use within DeFi protocols, creating a tokenized credit wrapper rather than a stablecoin backed by U.S. Treasuries. This approach leverages Bitcoin price volatility through Strategy's balance sheet to support STRC dividends, which are then channeled into tokenized dollar liabilities.