Description
Stablecoin protocol built on Strategy's STRC (MicroStrategy/Michael Saylor's digital credit instrument), delivering 11%+ Bitcoin-backed yields to DeFi. Two-token system: USDat (non-yielding stablecoin backed by tokenized U.S. Treasuries via $M, permissioned, 1:1 USDC peg) and sUSDat (ERC-4626 yield-bearing vault accruing STRC dividends, 3-7 day withdrawal queue). Launched March 2026; $60M+ TVL (May 2026). Pendle Finance integration enables principal/yield separation. Targets $10B scale as "Tether of digital credit." Named by Michael Saylor alongside Prevalon, Strive, Anchorage, Apyx as STRC adopters entering corporate treasury and DeFi markets.