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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PIEVERSE surged, up 7.91% in 24 hours
Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers
In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.
Why Nintendo Stock Is One to Watch Ahead of the Holiday Season
Crypto prices
More
