In a bold move to reshape the future of
Bitcoin ($BTC), Binanceโs investment arm, YZi Labs, has officially invested in Avalon Labs (#Avalon) โ a rising force in the decentralized finance space.
Avalon is on a mission to transform Bitcoin from a passive store of value into an active economic asset for real-world financial applications. At the core of its growing ecosystem is USDa, a Bitcoin-backed stablecoin delivering liquidity, stability, and yieldโall without selling your BTC!
๐ Key Highlights:
USDa is now the 2nd largest CDP on DeFiLlama with $500M+ in locked assets
Avalon serves over 20,000 BTC and boasts 300,000+ active users
Products include: Bitcoin-backed loans,yield-bearing savings, and BTC-powered credit cards
๐ผ With YZi Labs' investment, Avalon is set to:
Accelerate global licensing and regulatory compliance
Launch a fully regulated public fund
Expand its institutional lending operations
Become the first fully regulated on-chain Bitcoin financial institution
Alex Odagiu, Investment Director at YZi Labs, praised Avalon for building a robust financial ecosystem anchored in Bitcoinโs security and liquidity.
Venus Li, Co-Founder of Avalon, added:
๐ Following the announcement, Avalonโs altcoin $AVL surged 35%, now trading at $0.261.$BTC $ETH $XRP
