Bitcoin native stablecoin project Ducat completes $1.25 million Pre-Seed round of financing, led by UTXO Management

BlockBeats news, on August 23, Ducat, a Bitcoin native stablecoin project on Runes, completed a $1.25 million Pre-Seed round of financing, led by UTXO Management, and participated by THE CMS, Bitcoin Frontier Fund, Revelo Intel, MARIN DIGITAL VENTURES, Samara Asset Group, Bitcoin Startup Lab, Bitflow, X+, etc.

Ducat solves the centralization problem of the stablecoin market by providing a Bitcoin native, self-custodial and permissionless smart contract system to meet the Bitcoin holders' preference for security and autonomy. The governance token DUCAT provides a stablecoin solution that combines Bitcoin's censorship resistance with decentralized native collateral.