Ducat, a Bitcoin native stablecoin project on Runes, announced on the X platform 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, Revelo Intel, MARIN DIGITAL VENTURES, Samara Asset Group, ₿itcoin 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, and uses its governance token DUCAT to provide a stablecoin solution that combines Bitcoin's censorship resistance with decentralized native collateral.