Underlying asset
sUSDat
Issued by Saturn. The facts below were checked on the date shown, from the sources listed.
sUSDat is issued by Saturn. What stands behind it: preferred stock of a bitcoin-treasury company. Only approved holders can redeem it; others leave by selling.
Facts
- Issuer
- Saturn
- What stands behind it
- preferred stock of a bitcoin-treasury company
- Strategy
- dividends on preferred shares issued by companies that hold crypto on their balance sheet
- Valued in
- USD
- Position in the capital stack
- not a tranche
- Who has to keep a promise
- a regulated issuer, a manager off chain
- Redemption
- redeemed only by approved holders
- Who can change it
- a timelock · 48 h delay · the admin role · the Monad deployment; who controls the Ethereum deployment could not be read 0xf0237a1cb794ea830129966049ef99243082ff0c (Monad)
- Audits
- Certora, 2026-04
Also named by the issuer, without a linked report: Three Sigma - Bug bounty
- not found in a source that meets the standard
- Depends on
- Strategy's STRC preferred stock
Other assets from the same issuer: USDat - Chains
- BNB, Ethereum, Monad
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://saturncredit.gitbook.io/saturn-docs/solution/how-usdat-and-susdat-works
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2027-01-14 | PT-sUSDat-14JAN2027 |
| Monad | 2027-01-14 | PT-sUSDat-14JAN2027 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.