Saturn (saturn.credit) operates as a structured finance protocol focused on digital credit. Its native stablecoin, USDat, is secured by tokenized U.S. Treasuries. Holders of USDat have the option to stake their tokens in exchange for sUSDat, which provides economic exposure to STRC, the Nasdaq-listed perpetual preferred stock from Strategy that distributes a variable monthly dividend. On top of this digital credit infrastructure, Saturn develops various structured products.