According to BlockBeats news, on November 11, Avalon Labs officially released USDa, an over-collateralized stablecoin based on Bitcoin. As the flagship product of the Avalon CeDeFi platform, USDa is minted through BTC mortgage, which has excellent capital efficiency and strong liquidity, and achieves 1:1 exchange for USDT by docking institutional liquidity to ensure price stability. This launch is also accompanied by incentive activities, and users can receive up to 10 times points rewards.
Avalon Labs is the leading financial infrastructure platform in the BTCFi field, managing more than 1.2 billion US dollars in locked positions, approximately 15,000 Bitcoins. As the winner of the second round of the BNB incubation program, Avalon Labs was successfully selected for the MVB8 Season 8 accelerator.
