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The supply of Bitcoin stablecoin USDa has broken through 100 million, opening a deposit limit of 50 million US dollars

The supply of Bitcoin stablecoin USDa has broken through 100 million, opening a deposit limit of 50 million US dollars

Bitget2024/11/12 04:52
BTC-1.33%

Avalon Labs has released the world's first over-collateralized stablecoin based on Bitcoin, USDa, which currently has a supply of over 100 million. The total value of the collateralized Bitcoin assets reaches $200 million. At the same time, Avalon Labs announced an open deposit limit of $50 million, with participants able to enjoy variable returns ranging from 20% to 50%. Users can also receive additional triple point rewards to further increase their participation benefits. Avalon Labs is a financial infrastructure platform in the BTCFi field and currently manages more than $1.2 billion in locked-up funds, approximately 15,000 Bitcoins. As the champion of BNB Incubation Program's second round, Avalon Labs was successfully selected for MVB8's eighth season accelerator program.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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