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YZi Labs has made a strategic investment in Avalon Labs, a Bitcoin-based on-chain capital markets platform. Avalon Labs offers a range of financial services including BTC-collateralized lending, the USDa stablecoin, savings accounts, and credit card services. USDa is currently the second-largest collateralized debt position (CDP) project on DeFiLlama. Avalon Labs is recognized as the largest issuer of Bitcoin-backed stablecoins and aims to enhance Bitcoin's utility and adoption by transforming it into a more dynamic financial asset. The amount of the investment has not been disclosed.
"National Team" Investor Chengtong Invests 600 M Yuan in SOE Digital Economy ETFs as Multiple Products Near Listing https://t.co/xV3Iptv3eM
Bitcoin-backed stablecoin issuer @avalonfinance_ received funding from @YZiLabs. Amount is not disclosed. https://t.co/Wr7Vt4tZyn https://t.co/NOcPjInaFo
❗️@BitlayerLabs partnered with major #Bitcoin mining pools Collaboration with #AntPool, #F2Pool, and #SpiderPool aims to accelerate the growth of #BTC-native #DeFi by integrating #mining infrastructure with #Bitlayer’s #OP Stack-based #rollup. 👉 https://t.co/Fyo7HuGWRJ https://t.co/5tP4uLzHte
