Saturn Dollar

Saturn Dollar (USDAT) is a stablecoin designed to maintain a value of one US dollar and is intended for use in payments, settlements, and decentralized finance liquidity. It is issued by the Saturn protocol, which describes itself as building a digital monetary layer for a financial system anchored to Bitcoin. The token is aimed at users and institutions that want dollar-denominated stability without holding traditional bank deposits.

USDAT is described as fully backed by tokenized US Treasury securities, meaning each token in circulation is intended to be supported by an equivalent holding of those instruments. It exists across multiple blockchain ecosystems including Ethereum and BNB Chain, as well as the Monad network. Holders who stake USDAT receive sUSDat, a separate yield-bearing token that the protocol says offers exposure to institutional digital credit instruments backed by Bitcoin.

The data stored for USDAT does not include a fee revenue figure, so fee-based measures that this site calculates for other assets cannot be populated here. The yield associated with USDAT appears to derive from the underlying Treasury holdings that back the supply, with that return passed to holders through the sUSDat staking token rather than through a protocol fee charged to users. The circulating stablecoin supply stood at 102,184,200.71 tokens at the last recorded point, and that supply grew by 45.16 percent over the trailing 30 days, indicating rapid recent expansion of the outstanding float.