Saturn Dollar (USDAT) is a crypto-backed US dollar stablecoin. It has about $114M in circulation, ranking #43 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
What is USDAT?
Saturn Dollar (USDAT) is a crypto-backed US dollar stablecoin. It has about $114M in circulation, ranking #43 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: USDat is a stablecoin fully backed by Tokenized U.S. Treasuries and Stablecoins.
USDAT supply history
USDAT supply grew 36.4% over the past 30 days, to $114M. It is at or near its all-time high.
Is USDAT holding its peg?
USDAT is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDAT lives: supply by blockchain
USDAT is spread across several networks. The largest, Monad, holds 62% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How USDAT is backed
USDAT is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: To mint USDat, users must first complete Saturn's onboarding process. Only whitelisted addresses, both the depositor and the recipient, are permitted to interact with the protocol.
USDAT risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDAT vs USDT and USDC
Similar crypto-backed stablecoins
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USDAT FAQ
What is USDAT?
Saturn Dollar (USDAT) is a crypto-backed US dollar stablecoin. It has about $114M in circulation, ranking #43 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is USDAT pegged 1:1 to the US dollar?
USDAT targets 1 USD. At the last update it traded at $0.9983, a deviation of -0.17%, which we classify as "on peg".
What backs USDAT?
USDAT is a crypto-backed stablecoin. USDAT is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is USDAT on?
USDAT is live on 2 blockchains. The largest by supply are Monad ($71.0M), Ethereum ($42.9M).
How much USDAT is in circulation?
About $114M of USDAT was in circulation at the last update, +36.4% over 30 days. That makes it the #43 stablecoin by supply among those we track.
Is USDAT safe?
No stablecoin is risk-free. As a crypto-backed design, USDAT's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.