SATS (Ordinals) BRC-20 Token Overview
SATS is a BRC-20 standard token minted on the Bitcoin blockchain using the Ordinals protocol. Its name "SATS" is directly derived from "satoshi," the smallest unit of Bitcoin, where 1 Bitcoin equals 100 million satoshis. The total supply and circulating supply of SATS are both set at 2.1 quadrillion tokens, or 2,100,000,000,000,000 tokens. This immense quantity corresponds to the total number of satoshis contained within Bitcoin's total supply of 21 million. This design means SATS aims to fully reflect the number of Bitcoin's smallest units.
The minting process for SATS was community-driven, lasting approximately six months, and was completed in December 2023. As part of the BRC-20 ecosystem, SATS tokens have practical uses, such as serving as gas fees for certain asset swap operations.
Since SATS is a BRC-20 token, its trading primarily occurs on CEXs that support the BRC-20 standard or on specific BRC-20 decentralized marketplaces. Investors must verify the actual trading channels and liquidity of this coin on mainstream market data platforms.
Satoshi Stablecoin Project Analysis
The name "Satoshi Stablecoin" encompasses several different projects within the cryptocurrency ecosystem, each with unique issuance mechanisms and supply quantities. Below is an introduction to some of the main projects:
1. Satoshi Stablecoin (SAT) - (Listed on Coinbase/CoinGecko)
According to data from platforms like Coinbase and CoinGecko, there is a project named Satoshi Stablecoin (token symbol SAT). As of the time of writing, its circulating supply and total supply are both approximately 33 million tokens. Public information indicates no explicit maximum supply limit, and its current market cap is about $1.63 million.
2. Satoshi Protocol (SATUSD) - (Bitcoin-backed Stablecoin)
Satoshi Protocol is a Bitcoin-backed universal stablecoin protocol that allows users to collateralize Bitcoin (BTC) to borrow its issued stablecoin, SATUSD. Data on the project's circulating supply and market cap varies among different information sources. For example, some data shows that as of September 12, 2026, SATUSD's circulating supply and total supply were both approximately 32.67 million tokens, with a market cap of about $32 million. Other data sources (such as LBank and Kripto Coin) indicate a circulating supply that could reach 159 million tokens, a total supply of about 155 million tokens, and a correspondingly higher market cap ranging from $156 million to $158 million. Investors should pay attention to the consistency of data sources and timestamps when evaluating.
3. Satoshi a BTC Stablecoin (tSAT) - (Bitcoin-backed Stablecoin on Solana)
Another notable project is Satoshi a BTC Stablecoin (token symbol tSAT), deployed on the Solana blockchain. This stablecoin is fully collateralized by Threshold Network's tBTC reserves and aims to maintain a 1:1 peg with Bitcoin. tSAT's maximum supply is set at 21 trillion tokens, corresponding to the total number of satoshis in Bitcoin's fixed supply of 21 million. As of the time of writing, its self-reported circulating supply is approximately 80,195,953 tSAT.
4. Other Similarly Named Projects
Additionally, public records have shown other projects named "Satoshi Stablecoin (SATS)," such as one previously listed by Crypto.com and CoinTracker, which had a total supply of 100 million tokens and a maximum supply of 2.1 quadrillion SATS, but showed a circulating supply of 0, reportedly launched in 2024. Such projects may be in early stages, stalled, or have outdated information, requiring investors to exercise caution and due diligence.
Summary and Risk Warning
The names "SATS" and "Satoshi Stablecoin" encompass multiple distinct crypto assets, including the BRC-20 token SATS (Ordinals) within the Bitcoin ecosystem, as well as various stablecoins designed to be pegged to fiat currencies or Bitcoin. These projects exhibit significant differences in technical implementation, issuance volume, circulating supply, and utility. Before participating in any related project, investors must carefully verify the project name, token symbol, associated blockchain, official background, and the latest market data to avoid confusion and potential risks.
