According to Odaily Planet Daily, Ducat, a Bitcoin native stablecoin project on Runes, announced that it has completed a $1.25 million Pre-Seed round of financing, led by UTXO Management, with participation from THE CMS, Bitcoin Frontier Fund and others.
Ducat addresses the centralization issues in the stablecoin market by providing a Bitcoin-native, self-custodial, and permissionless smart contract system, and leverages its governance token DUCAT to provide a stablecoin solution that combines Bitcoin’s censorship resistance with decentralized native collateral.
