Avalon Labs’ USDa stablecoin reaches 100M supply, backed by $200M in Bitcoin.Avalon Labs opens a $50M deposit quota, offering 20-50% APY and 3x points rewards.
Avalon Labs has achieved a big milestone by launching USDa, the world’s first Bitcoin-backed overcollateralized stablecoin. With collateralized Bitcoin assets of a stunning $200 million, this creative stablecoin has rapidly attained a supply of about 100 million.
Particularly as it attracts both institutional and individual investors seeking a mix of security and profitability, Avalon Labs’ ambitious strategy to build a solid and dependable Bitcoin-backed asset is gathering popularity in the DeFi ecosystem.
High-Reward Deposit Program Elevates USDa Appeal
Apart from the existing outstanding USDa supply, Avalon Labs has established a $50 million deposit cap, giving participants a floating annual percentage yield (APY) between 20% and 50% and a tempting 3x points incentive system. This approach captures Avalon’s dedication to providing appealing results, which stand out among the very competitive DeFi space.
Avalon Labs’ stablecoin project is among the most intriguing on the market since floating APY offers flexibility and is possible for great returns. The USDa deposit program of Avalon Labs can help investors looking for passive income prospects with high APY rates.
Being the second-round champion of the BNB Incubation Alliance helps Avalon Labs’ success to be even more confirmed. Receiving this recognition has not only improved its reputation but also highlighted how innovative the DeFi space may be.
The BNB Incubation Alliance seeks to highlight businesses with the most innovative blockchain solutions; the success of Avalon Labs in this program indicates that USDa and its related ecosystem have great future influence in the financial sector.
Avalon Labs showed significant expansion in the DeFi sector in October 2024, attaining a total value locked (TVL) beyond $800 million.
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