Saturn Dollar 

USDAT Price

What is the Saturn Dollar (USDAT) stablecoin?

Saturn Dollar (USDAT) is the dollar-pegged stablecoin of Saturn, a stablecoin protocol branded as "digital dollars on digital credit." USDat is a non-yielding token built for payments, settlement and DeFi liquidity. Users mint and redeem USDat 1:1 with USDC through the Saturn interface. The protocol runs a dual-token system that separates liquidity from yield: USDat is the settlement rail, and sUSDat is the yield-bearing staked version. DropsTab classifies USDAT under Stablecoin.

How does USDat maintain its peg to the US dollar?

USDat holds its dollar peg through 1:1 mint and redemption against stablecoin collateral. Minting new USDat requires a USDC deposit through the Saturn interface, and redemption returns USDC on the same route. This mint/redeem mechanism keeps the market price anchored near $1. Saturn's documentation states that access and processing vary by route, so redemption eligibility and timing are not identical for every user.

What assets back USDat?

The backing description changed after launch. Saturn's January 15, 2026 launch framing described yield generated through Strategy's STRC preferred stock and U.S. Treasury bills. The official Saturn site currently describes USDat as a stablecoin backed by PayPal USD through PYUSDx, with sUSDat carrying exposure to STRC via Ondo STRCon. Older third-party descriptions still cite 100% tokenized U.S. Treasuries backing.

How does USDat differ from sUSDat?

USDat is the non-yielding settlement and liquidity token, while sUSDat is the yield-bearing staked version. Staking USDat issues sUSDat vault shares whose value grows through reinvested dividends. Saturn advertises a yield on sUSDat, and its documentation explicitly disclaims that dividends, investment returns and exit liquidity are not guaranteed. Yield risk therefore sits entirely in sUSDat, since USDat itself carries no yield by design.

Who invested in Saturn?

Saturn raised $800,000, announced January 15, 2026. Backers were YZi Labs, participating through the EASY Residency Season 2 program, Sora Ventures, and unnamed crypto angels. Sora Ventures founder Jason Fang described USDat as pioneering the first onchain use of Strategy's credit products. Co-founder Kevin Li, previously of Artemis and M31 Capital, framed the ambition as becoming "the Tether of digital credit." The round's valuation was not disclosed.

What does Saturn's fundraising signal about the project's maturity?

Saturn's fundraising profile is early-stage and angel-led. The $800,000 round carried no disclosed institutional lead, and both named backers joined through a residency or venture program rather than a direct fund check. The founding team consists of University of Pennsylvania alumni with backgrounds at Artemis and M31 Capital. No single investor is reported holding above 20% of supply, which limits backer-driven concentration risk.

Is there a maximum supply of USDAT?

USDAT has no fixed maximum supply. New tokens are minted when users deposit USDC and removed when users redeem, so outstanding supply tracks mint and redemption flow. Per DropsTab data, USDAT runs on Ethereum with 6 decimals at contract 0x23238f20b894f29041f48d88ee91131c395aaa71, verifiable on Etherscan. DropsTab lists no allocation schedule, which is the normal structure for a minted stablecoin without preset buckets.

Does USDAT have a vesting schedule or token unlocks?

USDAT has no vesting schedule, no allocation cliffs and no unlock calendar. A minted stablecoin issues tokens on demand, so unlock mechanics do not apply. Saturn reportedly plans a separate STRN governance token, with a token generation event reported for Q4 2026 by third-party airdrop trackers; that plan is unconfirmed on official Saturn channels. Any future vesting would attach to STRN, not to USDAT.

Which exchanges list USDAT?

Per DropsTab data, USDAT trades on Uniswap V4 on Ethereum against USDC. DropsTab records no centralized-exchange market for the token, so all tracked trading runs through a single DEX pool on one chain. This footprint carries material liquidity risk: pool depth is thin, slippage on large orders is high, and heavy selling can pressure the peg. Exit liquidity also depends on Saturn's own mint/redeem route.

Did Saturn run a points campaign or airdrop for USDAT users?

Saturn ran Gravity Points Season 1, which launched April 8, 2026 and ran until August 8, 2026 or until total value locked capacity was reached. The campaign rewarded capital deployed across USDat holdings, sUSDat staking, and Curve, Morpho, Pendle and Strata routes. Up to 5% of a future governance token's initial supply was conditionally earmarked for Season 1 participants. No ICO or public sale of USDAT took place.