Satoshi Protocol, a universal stablecoin built for the Bitcoin (CRYPTO:BTC) ecosystem, completed a $2 million seed round funding in May 2024, led by CMS Holdings and RockTree Capital.

The protocol allows users to deposit BTC and LST (CRYPTO:LST) as collateral to mint the stablecoin $SAT on both Bitcoin mainnet and multiple L2s.

Key integrations include partnerships with BOB, Bitlayer, BEVM, Core Chain, Botanix, Anduro, and Omni Network.

With a robust user base and significant collaborations, Satoshi Protocol aims to enhance liquidity, security, and usability within the Bitcoin ecosystem.

The funding will support further technological development, team expansion, and market reach, positioning Satoshi Protocol as a cornerstone in the maturation of Bitcoin's financial infrastructure.