Stablecoin

Lista DAO

Avalon

Million

<p>Bitcoin news of the newly launched Bitcoin-backed stablecoin USDa by Avalon Labs has rapidly gained traction in the market. It has amassed a supply of over 200 Million within just two weeks of its release.</p> 
<p>Positioned as the world’s first overcollateralized stablecoin backed by Bitcoin, USDa is now ranked as the third-largest CDP (collateralized debt position) stablecoin. USDa is trailing only behind established players like MakerDAO and JustStables.</p> 
<p>Issued by Avalon Labs, USDa emerged has a great innovation in the stablecoin space. It is attractive due to its overcollateralization promise. It ensures stability and reliability by backing each USDa token with a higher value of&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/25/bitcoin-price-closes-in-on-100k-driving-fomo-to-an-altcoin-aiming-a-44060-rally/">Bitcoin</a>.</p> 
<p>This robust backing was intended to ensure that the stablecoin maintains its peg. Amid bitcoin news cycle strengthening, these developments have taken over. </p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="818" height="584" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM.png" alt="Source: X" class="wp-image-851707" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM.png 818w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM-300x214.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM-768x548.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM-150x107.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.29.59 PM-696x497.png 696w" sizes="auto, (max-width: 818px) 100vw, 818px">
 </figure>
</div> 
<p>Avalon Labs is recognized for its pioneering efforts in on-chain financial platforms focusing on Bitcoin. They gained further credibility and exposure from winning the second round of the Binance BNB Incubation Alliance.</p> 
<p>This accolade highlighted the company’s commitment to innovation. It also saw to the potential of USDa to enhance Bitcoin’s liquidity and adoption in the broader financial ecosystem.</p> 
<p>The introduction of USDa is a crucial development for Bitcoin in the stablecoin sector. This move aims to bridge the gap between decentralized finance (DeFi) and traditional financial mechanisms by leveraging Bitcoin’s market value and stability.</p> 
<h2 class="wp-block-heading" id="h-usd-exchange-volume-hits-3-year-high-in-us-as-avalon-labs-builds-on-bnb-chain"><strong>USD Exchange Volume Hits 3-year High in US as Avalon Labs Builds on BNB Chain</strong></h2> 
<p>On that note, USD Support Exchange Volume across major exchanges for November showed a consistent total volume increase. The increase was particularly noticeable on Kraken, Coinbase, and&nbsp;<a href="http://crypto.com/">Crypto.com</a>, with the later two showing the biggest contributions to overall volume.</p> 
<p>Bitstamp and Bitfinex, while contributing less volume compared to the leading exchanges, also display growth.</p> 
<p>The “12 Others” category indicated a robust, diverse participation, suggesting a broadening interest in USD-denominated trading activities using the stablecoins.</p> 
<p>The steady growth in exchange volumes across these platforms highlighted a growing demand for USD transactions in the cryptocurrency space. USDa could be poised to receive instant market especially from the U.S.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="1001" height="620" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3.png" alt="USD Support Exchange Volume" class="wp-image-851717" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3.png 1001w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3-300x186.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3-768x476.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3-150x93.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/GdNKYu-aAAA2kp3-696x431.png 696w" sizes="auto, (max-width: 1001px) 100vw, 1001px">
  <figcaption class="wp-element-caption">
   USD Support Exchange Volume
  </figcaption>
 </figure>
</div> 
<p>Avalon Labs is expanding its reach on the BNB Chain by launching the first Lista DAO market. This is a major development for crypto enthusiasts seeking high rewards with low risk.</p> 
<h2 class="wp-block-heading" id="h-avalon-labs-expanding-its-reach"><strong>Avalon Labs Expanding its Reach</strong></h2> 
<p>Backed by a strategic investment of 10 Million from Binance Lab, Lista DAO is poised to redefine liquid staking for BNB through its innovative CDP protocol.</p> 
<p>This launch was part of Avalon Labs’ broader strategy to deepen its integration within the BNB Chain ecosystem.</p> 
<p>Lista DAO aimed to set new standards not only on the BNB Chain but across the DeFi landscape. It provides a permissionless staking solution that promises to enhance yield opportunities for its users.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="763" height="1024" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-763x1024.png" alt="Source: X" class="wp-image-851712" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-763x1024.png 763w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-223x300.png 223w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-768x1031.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-150x201.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-300x403.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM-696x934.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Screenshot-2024-11-26-at-8.30.10 PM.png 818w" sizes="auto, (max-width: 763px) 100vw, 763px">
 </figure>
</div> 
<p>The launch details revealed exciting possibilities: the use of slisBNB as collateral to borrow USDa, aiming to amplify yield plays significantly.</p> 
<p>Furthermore, Lista DAO introduced a unique conversion where one stardust will equal one USDT, set to be available soon on Avalon’s platform.</p> 
<p>This initiative marked a new beginning for Avalon Finance with the Lista DAO market now live, supporting a wide array of assets including BTCB, BNB,&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/25/ethereum-price-prediction-4000-next-amid-bull-flag-breakout/">ETH</a>, USDC, USDT, LisUSD, slisBNB, Lista, and FDUSD, aiming to foster substantial growth and user engagement on the BNB Chain.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-news-avalon-labs-prediction-on-btc-price"><strong>Bitcoin news: Avalon Labs Prediction on BTC Price</strong></h2> 
<p>Avalon Labs continued to ignite excitement within the crypto community by launching a carnival-like series of Token Generation Events (TGEs) on BNB Chain. It featured collaborations with LorenzoProtocol, StakeStone, PellNetwork, and Pumpbtcxyz.</p> 
<p>Dubbed the “BTCFi Cabal,” this initiative marks a significant development, promising a 1000x opportunity as it teases the potential for Bitcoin to reach the $100K milestone.</p> 
<p>Starting this Monday, enthusiasts can participate in the excitement, with Avalon hinting at a “600k baggie” for early participants.</p> 
<p>Concurrently, Avalon Labs rolled out a Treasury Re-balancing proposal, now live for community voting.</p> 
<p>This proposal encouraged the community to voice their opinions on increasing the USDa Annual Percentage Yield (APY) to an impressive 25%, along with adjustments to future protocol rewards.</p> 
<p>This ambitious move by Avalon Labs aimed to blend high-yield potential with community-driven financial strategies.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/26/bitcoin-news-btc-backed-stablecoin-surpasses-200m-supply-in-2-weeks/">Bitcoin News: BTC-backed Stablecoin Surpasses 200M Supply in 2 Weeks</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Bitcoin News: BTC-backed Stablecoin Surpasses 200M Supply in 2 Weeks

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 26, 2024

Santiment: "As Bitcoin Falls, Investors Keep These Three Altcoins on Their Radar!"

Bloomberg Analyst Predicts Potential Approval Timeline for Altcoin ETFs

Unfold 2024, India’s Premier Web3 Event Offers Up to $1 Million in Funding for Startups and $100K...

Surging Crypto Investments Fueled by Bitcoin ETFs – Is This the Trump Influence?

Forget AVAX and Chainlink: This AI-Powered Token Is Predicted to Deliver 8,500% Gains!

Weekly Article Recap: 11/18-11/22

Join our free newsletter for daily crypto updates!