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Digital Dollars on Digital Credit
Stablecoin and Yield-bearing RWA Protocol Tokenizing Bitcoin Credit
Own the 14.5% Yield
Backed by Bitcoin
Own the 14.5% Yield Backed
by Bitcoin
6:1
Overcollateralization rate
120
years
MSTR year of coverage
14.5%
APY
$25M
TVL
Bitcoin’s Next Transformation is Digital Credit
First gold. Then sovereign. Now Bitcoin — the first verifiable, transparent, global credit system.
First gold. Then sovereign. Now Bitcoin — the first verifiable, transparent, global credit system.
First gold. Then sovereign. Now Bitcoin — the first verifiable, transparent, global credit system.
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Introducing USDat + sUSDat
USDat earns yield by bringing Strategy’s credit products onchain, unlocking global access to Bitcoin credit.
Spend with USDat
Earn with sUSDat
Multiply with DeFi
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.

For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
DeFi Amplifies Digital Credit
Global Access. Higher Leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch:→ 100% tokenized U.S. Treasuries
Spend with USDat
Yield Generation & Global Savings
sUSDat: Digital Savings Account
A staked version of USDat that accrues yield from Bitcoin Credit. As Bitcoin Credit dividends accrue, the exchange rate between sUSDat and USDat increases.
Reserve composition at launch: → 100% Bitcoin Credit (100% STRC)
Save with sUSDat
Multiply with DeFi
DeFi Amplifies Digital Credit
Global access. Higher leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.
Introducing USDat + sUSDat
USDat earns yield by bringing Strategy’s credit products onchain, unlocking global access to Bitcoin credit.
Spend with USDat
Earn with sUSDat
Multiply with DeFi
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.

For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
DeFi Amplifies Digital Credit
Global Access. Higher Leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch:→ 100% tokenized U.S. Treasuries
Spend with USDat
Yield Generation & Global Savings
sUSDat: Digital Savings Account
A staked version of USDat that accrues yield from Bitcoin Credit. As Bitcoin Credit dividends accrue, the exchange rate between sUSDat and USDat increases.
Reserve composition at launch: → 100% Bitcoin Credit (100% STRC)
Save with sUSDat
Multiply with DeFi
DeFi Amplifies Digital Credit
Global access. Higher leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.
Introducing USDat + sUSDat
USDat earns yield by bringing Strategy’s credit products onchain, unlocking global access to Bitcoin credit.
Spend with USDat
Earn with sUSDat
Multiply with DeFi
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.

For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch: → 100% tokenized U.S. Treasuries
DeFi Amplifies Digital Credit
Global Access. Higher Leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
For Liquidity
USDat: Digital Checking Account
A non-yielding, fully collateralized stablecoin designed for payments, settlements, and DeFi liquidity.
Reserve composition at launch:→ 100% tokenized U.S. Treasuries
Spend with USDat
Yield Generation & Global Savings
sUSDat: Digital Savings Account
A staked version of USDat that accrues yield from Bitcoin Credit. As Bitcoin Credit dividends accrue, the exchange rate between sUSDat and USDat increases.
Reserve composition at launch: → 100% Bitcoin Credit (100% STRC)
Save with sUSDat
Multiply with DeFi
DeFi Amplifies Digital Credit
Global access. Higher leverage. More Yields.
STRC
sUSDat
APY
10.5%
16.0%
14.5%
24.0%
33.5%
43.0%
Leverage
Bitcoin-backed stablecoins
often de-peg due to BTC's
price volatility, reducing their reliability.
The Bitcoin Credit Market
Transforming Bitcoin into a productive credit base for the digital economy.
$
0
0
Billion
BTC
Credit Today
$
0
0
Billion
BTC
Credit Today
$
0
0
Billion
BTC Credit
in 10 years
$
0
0
Billion
BTC Credit
in 10 years
$
300
300
Billion
BTC Credit
in 10 years
$
300
300
Billion
BTC Credit
in 10 years
$
15
15
Billion
BTC
Credit Today
$
15
15
Billion
BTC
Credit Today
Regulated Infrastructure
Institutional custody with on-chain
transparency and overcollateralization.
Frequently Asked Questions
Take a look through our most frequently asked questions to learn more.
What is Bitcoin Credit?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is Bitcoin Credit?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is USDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is USDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is sUSDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is sUSDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What are the risks?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What are the risks?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What makes this model different?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What makes this model different?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
How is the yield (APY) generated?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
How is the yield (APY) generated?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
Why purchase sUSDat over STRC?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
Why purchase sUSDat over STRC?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is USDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is USDat?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What are the risks?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What are the risks?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What makes this model different?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What makes this model different?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
How is the yield (APY) generated?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
How is the yield (APY) generated?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
Why purchase sUSDat over STRC?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
Why purchase sUSDat over STRC?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is Bitcoin Credit?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.
What is Bitcoin Credit?
At launch, USDat is backed by a dual reserve: 90% tokenized U.S. Treasuries and 10% Bitcoin credit (STRC). This mix anchors the peg with proven liquidity while introducing Bitcoin yield mechanics. Over time, the reserve will progressively shift toward greater Bitcoin credit exposure.

Join the waitlist
Be among the first to access Bitcoin-credit liquidity. Stay updated as USDat moves from Treasuries toward a fully Bitcoin-native reserve.
Resources

Join the waitlist
Be among the first to access Bitcoin-credit liquidity. Stay updated as USDat moves from Treasuries toward a fully Bitcoin-native reserve.
Resources

Join the waitlist
Be among the first to access Bitcoin-credit liquidity. Stay updated as USDat moves from Treasuries toward a fully Bitcoin-native reserve.
Resources


