Bitcoin-Backed Stablecoin Saturn Raises $800K to Build USDat

The Rise of Bitcoin-backed stablecoin

Yield-bearing stablecoins began gaining real traction in DeFi in 2024. These assets aim to stay close to one dollar while generating yield for holders. Early pioneers proved there was strong demand.

Then in 2025, the sector expanded quickly. The yield-bearing stablecoin market grew from roughly $660 million to $9.5 billion early in the year. By late 2025 and early 2026, it crossed $20 billion. 

At the same time, regulation improved. Progress like the U.S. GENIUS Act increased confidence in onchain yield products. Institutions also looked for low-volatility returns as interest rates stayed high.

Meanwhile, Bitcoin-linked yield experiments appeared. These included BTC liquid staking via Babylon. Other early protocols explored routing yield from instruments like Strategy’s STRC.

Market reactions during bull cycles were mostly positive. Products like USDe saw rapid inflows during Bitcoin rallies. Investors searched for sustainable, crypto-native yield. However, yields still fluctuate. Funding rates change, and short-term depegs have occurred. 

Against this backdrop, Saturn’s USDat builds on clear momentum. It tokenizes exposure to STRC to offer transparent, Bitcoin-backed yields above 11 percent. In turn, it brings institutional digital credit onchain as the RWA and DeFi space matures. 

Bridging DeFi and Institutional Finance

USDat aims to open global, onchain access to digital credit. It gives DeFi users exposure to high-yield opportunities that were once limited to traditional finance. 

As a result, USDat targets users who want yield without heavy volatility. It also appeals to investors who value identifiable cash flows over purely crypto-native strategies.

This launch comes during a broader rise in tokenized real-world assets and Bitcoin-backed financial products. In particular, Strategy’s STRC has drawn attention from money market funds and traditional investors. Many view it as a way to gain Bitcoin-linked exposure with lower volatility.

By bringing this structure onchain, Saturn connects institutional finance with DeFi infrastructure. If execution stays strong, USDat could help shape how Bitcoin-backed digital credit operates in decentralized markets.

Future Outlook For Bitcoin-backed Stablecoin

Overall, this funding round highlights growing interest in combining Bitcoin treasury strategies with DeFi infrastructure. Saturn turns Bitcoin-backed corporate credit into an onchain stablecoin that anyone can access.

Looking ahead, 2026 is shaping up to be a key year for stablecoins. As they become core financial infrastructure, products that offer real yield, clear backing, and DeFi composability may stand out.

If Saturn delivers as planned, USDat could become a popular high-yield digital dollar. Still, outcomes depend on market conditions, regulation, and execution.

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