Ducat, an in-bitscoin stablecoin project, recently announced the closing of a $1.25 million Pre-Seed funding round. This round was led by UTXO Management and was joined by prominent investment firms and entities including THE CMS, Bitcoin Frontier Fund, Revelo Intel, MARIN DIGITAL VENTURES, Samara Asset Group, ₿itcoin Startup Lab, Bitflow, X+, among others. Ducat is dedicated to addressing the centralization issues in the stablecoin market by providing a self-hosted, native, and permissionless smart contract system that caters to the security and autonomy needs of Bitcoin holders. What sets Ducat apart is its governance token DUCAT, which not only offers Bitcoin's censorship resistance but also achieves a perfect combination of decentralized native collateral and stablecoins, bringing a novel solution to the market.