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Avalon Labs raises $10M to grow its bitcoin-based stablecoin
- Avalon Labs has raised $10 million in a funding round to expand its bitcoin-based stablecoin.
- The stablecoin, USDa, is built on the bitcoin blockchain and maintains a value of $1 USD.
- The company aims to transform bitcoin into a liquid financial instrument.
- Avalon Labs also offers bitcoin-backed loans, savings accounts, and credit cards.
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