Stablecoin

2024

Avalon

Bitcoin

Coin

<ul class="wp-block-list news-points">
 <li><strong>Avalon Labs’ Bitcoin-backed stablecoin USDa has already reached 100 million supply.</strong></li>
 <li><strong>The recently launched stablecoin protocol has a TVL above $300 million.</strong></li>
 <li><strong>USDa provides floating APY, ranging from 20% to 50%.</strong></li>
</ul>
<p>Avalon Labs has launched USDa, a Bitcoin-backed overcollateralized stablecoin. The new blockchain-based digital asset reached a supply of over 100 million. Its collateralized Bitcoin assets are $200 million, according to data from the <a href="https://usda.avalonfinance.xyz/markets/" target="_blank" rel="noopener noreferrer nofollow">project’s website</a>.</p>
<p>Avalon Labs also opened a $50 million deposit quota. It gives participants an APY that ranges from 20% to 50%, plus 3x points rewards. Due to the promising returns and significant rewards, the total value locked (TVL) of the stablecoin project rose to $318 million.</p>
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   <p lang="en" dir="ltr">Avalon Labs’ USDa, the world’s first Bitcoin-backed overcollateralized stablecoin, has reached a supply of over 100 million, with collateralized Bitcoin assets totaling $200 million. Additionally, Avalon Labs has announced the opening of a $50 million deposit quota, offering…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1856179521629954410?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 12, 2024</a>
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<p>Avalon Labs believes that the USDa stablecoin project has great potential. It will unlock access to the …</p>
<p>The post <a href="https://coinedition.com/avalon-labs-usda-stablecoin-reaches-100m-supply-200m-in-btc-backing/" rel="noopener noreferrer nofollow">Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Avalon Labs’ USDa Stablecoin Reaches 100M Supply, $200M in BTC Backing

Coin Edition

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