Avalon Laboratories has raised $10 million in a series A financing round with the goal of transforming bitcoin into a versatile financial instrument through the USDa stablecoin and new DeFi services.
Let’s see all the details in this article.
Guaranteed Loans and Returns: Avalon Expands Bitcoin DeFi Ecosystem Through Stablecoins
Avalon Labs, an emerging leader in the decentralized finance (DeFi) landscape, has announced that it has successfully completed a Series A funding round, raising 10 million dollars.
The initiative, led by Framework Ventures, has attracted the interest of prominent investors such as UXTO Management, Presto Labs and Kenetic Capital.
These funds will be allocated to improve its ecosystem, with special attention to the evolution of Bitcoin as more dynamic financial instrument.
The USDa stablecoin, issued by Avalon and backed by Bitcoin, represents the heart of the company’s strategy.
Pegged to the dollar, this token allows users to unlock the value of their BTC through collateral that offers a fixed 8% lending rate.
The total value locked (TVL) in USDa has already reached 700 million dollars, marking an important milestone in the sector.
Since its creation in 2008, Bitcoin has been primarily perceived as a store of value, often compared to “digital gold.” Avalon Labs aims to revolutionize this vision, transforming it into an active and versatile financial instrument.
Through USDa and other services, the company aims to expand the possibilities of using BTC. Specifically, allowing users to access tools such as guaranteed loans, savings accounts that generate profitability and even a credit card for daily expenses.
According to Avalon Labs executives, this approach not only extends the capabilities of Bitcoin, but also helps reduce volatility Typical of the cryptocurrency market, offering users a stable haven without having to leave the crypto ecosystem.
Stablecoin as a solution to volatility and the role of investors
As we know, stablecoins, such as USDa, are designed to maintain a stable value pegged to a traditional currency, usually the US dollar.
This makes them ideal instruments for those who want to mitigate the risks of volatility without giving up the liquidity and flexibility of the crypto world.
The USDa stands out for its structure guaranteed by Bitcoin, which adds credibility and attractiveness for investors and retail users.
Framework Ventures, along with other investors such as UXTO Management, Presto Labs, and Kenetic Capital, has recognized Avalon Labs’ potential to redefine Bitcoin’s role in the global financial landscape.
Your financial and strategic support underlines the growing confidence in the future of BTC-based DeFi applications.
With the continued growth of TVL and the expansion of services offered, Avalon Labs positions itself as a key player in the transformation of Bitcoin from a simple store of value to a versatile and productive asset.
In a constantly evolving market, the company aims to consolidate its position. In particular, offering innovative solutions that combine the stability of traditional currencies with the dynamism of cryptocurrencies.
The recent fundraising represents not only an important milestone for Avalon Labs, but also a clear sign of the growing interest in projects that explore the untapped potential of Bitcoin.
With the USDa stablecoin and an expanding range of DeFi services, the future of the Bitcoin ecosystem looks increasingly promising.
