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Avalon Labs Secures $10M to Boost Bitcoin DeFi Ecosystem

  • Avalon Labs secures $10M funding to expand its Bitcoin-backed stablecoin USDa and Bitcoin DeFi ecosystem.
  • USDa achieves $700M in TVL, positioning itself as a major Bitcoin-backed solution for collateralized debt in DeFi.
  • Avalon Labs aims to link decentralized finance and centralized decentralized finance (CeDeFi) to increase the value of Bitcoin.
  • Avalon Labs offers competitive returns and attractive deposit quotas to increase user presence in the market.

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