PANews reported on January 16 that Saturn, the developer of the stablecoin protocol USDat, announced the completion of an $800,000 funding round. This round was led by YZi Labs, Sora Ventures, and several angel investors in the crypto space.

The USDat protocol's revenue primarily comes from a combination of Strategy's perpetual preferred stock (STRC) and US Treasury bonds. The project team states that the protocol aims to bring institutional-grade credit to DeFi, enabling Strategy's credit to be used on-chain and providing a new model for corporate treasury in decentralized finance.