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
White House National Economic Council Director Hassett questions the necessity of Fed rate hikes and criticizes some officials for advocating further tightening policies.
A senior economic official from the White House publicly questioned the necessity of the recent interest rate hikes by the Federal Reserve on Wednesday.
The wave of US Treasury sell-off continues! The largest long-term US Treasury ETF falls to its lowest level in over 20 years, dropping by half from its 2020 peak.
The U.S. long-term Treasury bond market continues to face pressure, with the largest exchange-traded fund tracking long-term U.S. Treasuries closing at its lowest level in over 20 years on Wednesday.
BUZZ-MGM Resorts shares fall after People Inc. withdraws acquisition offer
Crypto prices
More
