SATD (Satoshi Dollar) is a Bitcoin-backed stablecoin pegged at 1 SATD = $1 USD.
Its goal is to create a Bitcoin-native, censorship-resistant, and VC-free stable unit of account for a post-fiat world.
- 💵 1 SATD = $1, redeemable against Bitcoin at the current market rate
- 🧱 Fully backed by BTC, secured via multi-sig or federated vaults
- 🔐 Hard cap: 2.1 quadrillion SATD (1 per satoshi)
- ❌ No token sale, no pre-mine, no inflation, no VC allocation
- 🧠 Optional protocol fees (0.01–0.1%) to fund operations and development
- ⚡ Lightning-compatible for high-speed, low-fee transactions
- 🌍 Globally accessible, crypto-native, human-friendly
Most stablecoins:
- Are backed by fiat held in banks 🏦
- Can be frozen or censored ❌
- Serve the fiat system more than Bitcoiners 👔
SATD flips the model:
Backed by Bitcoin. Free from fiat. Built for sovereignty.
| Component | Description |
|---|---|
| Vault | Secure, multi-sig or federated custody of BTC |
| SATD Treasury | Pre-minted 2.1 quadrillion SATD, released only upon BTC deposits |
| Minting Logic | 1 SATD issued per $1 worth of BTC, based on oracle pricing |
| Redemption | Users send SATD to treasury → receive BTC (less redemption fee) |
| Burn Mechanism | Redeemed SATD is destroyed or returned to treasury pool |
| Lightning Layer | SATD can be wrapped/transferred via Lightning Network or lnproxy |
- Implement BTC custody (start with testnet multisig)
- Deploy SATD token (ERC-20 or Liquid or fedimint stub)
- Create mint/redeem web interface (React/Next.js)
- Connect oracle to BTC/USD price feeds
- Write SATD Protocol Spec v0.1
- Publish documentation + launch GitHub Discussions
We're looking for:
- Bitcoin & Lightning devs
- Solidity / Liquid / Rust smart contract engineers
- UI/UX designers with a love for clean financial tools
- Cypherpunks, anarchists, & monetary architects 🧡
Open an issue • Drop a PR • DM on Nostr • Or just fork & build
MIT License — this is free software for a free monetary future.
Built by @you
Inspired by the Bitcoin ethos — and built to outlive the fiat age.
“The protocol is the product. The vault is the trust. The people are the power.”
🟧