RootData@Rootdatalabs P.1422

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[New Fundraising] Avalon Labs Raises $10M Series A to Grow Bitcoin (BTC)-Backed Stablecoin

Avalon Labs is a BTCFi protocol aims to increase the use of Bitcoin within its platform by allowing users to unlock the value of their holdings by using them as collateral to obtain USDa. Avalon Labs also offers financial products such as Bitcoin-backed loans, interest-bearing savings accounts, and a credit card.

More about Avalon: https://www.rootdata.com/Projects/detail/Avalon%20Labs?k=MTE5MDE%3D

Source: https://www.coindesk.com/business/2024/12/23/avalon-labs-raises-10-m-series-a-to-grow-bitcoin-backed-stablecoin

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2.12K viewsedited Dec 23, 2024 at 15:17

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Create: 2024-12-23
Last Update: 2025-10-24 05:30:29

[New Fundraising] Avalon Labs Raises $10M Series A to Grow Bitcoin (BTC)-Backed Stablecoin

Avalon Labs is a BTCFi protocol aims to increase the use of Bitcoin within its platform by allowing users to unlock the value of their holdings by using them as collateral to obtain USDa. Avalon Labs also offers financial products such as Bitcoin-backed loans, interest-bearing savings accounts, and a credit card.

More about Avalon: https://www.rootdata.com/Projects/detail/Avalon%20Labs?k=MTE5MDE%3D

Source: https://www.coindesk.com/business/2024/12/23/avalon-labs-raises-10-m-series-a-to-grow-bitcoin-backed-stablecoin

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