ME News reports that on May 8 (UTC+8), according to official announcements, Saturn Credit, a Bitcoin-backed digital credit protocol, has completed a $2 million seed round led by The Spartan Group, with participation from Anchorage Digital and Susquehanna Crypto. Saturn Credit is a stablecoin protocol built on Strategy’s STRC, set to launch in March 2026. It employs a dual-token system: USDat is a non-yielding stablecoin backed by tokenized U.S. Treasuries via M tokens, licensed and pegged 1:1 to USDC; sUSDat is an ERC-4626 yield-bearing vault that accrues STRC dividends, featuring a 3- to 7-day exit queue. (Source: PANews)
Bitcoin-backed credit protocol Saturn Credit closes $2M seed round
KuCoinFlashShare
Summary
Bitcoin-backed credit protocol Saturn Credit has closed a $2 million seed round led by The Spartan Group, with support from Anchorage Digital and Susquehanna Crypto. The protocol update follows the project’s spin-off from MetaEra, which continues to build on Strategy Company’s STRC. Saturn Credit launched in March 2026 with a dual-token system: USDat, a stablecoin pegged 1:1 to USDC and backed by tokenized U.S. Treasury bonds, and sUSDat, a yield-generating vault that accrues STRC dividends with a 3–7 day exit queue. Bitcoin news continues to highlight innovation in on-chain credit systems.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.