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Satoshi Protocol Raises $2 Million in Seed Round to Pioneer Bitcoin-Backed Stablecoin – DeFiance Daily – 7.18.24

Satoshi Protocol, the first stablecoin protocol backed by Bitcoin, has successfully raised $2 million in its seed round. The funding was led by CMS Holdings and RockTree Capital, with contributions from Cypher Capital, Metalpha, Optic Capital, Side Door Ventures, Outliers Fund, and several notable angel investors.