• bitcoinBitcoin (BTC) $ 66,527.00
  • ethereumEthereum (ETH) $ 1,987.34
  • tetherTether (USDT) $ 0.999983
  • bnbBNB (BNB) $ 622.46
  • xrpXRP (XRP) $ 1.38
  • usd-coinUSDC (USDC) $ 0.999820
  • solanaSolana (SOL) $ 85.26
  • tronTRON (TRX) $ 0.280977
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • dogecoinDogecoin (DOGE) $ 0.093577
  • whitebitWhiteBIT Coin (WBT) $ 49.38
  • cardanoCardano (ADA) $ 0.278331
  • usdsUSDS (USDS) $ 0.999856
  • bitcoin-cashBitcoin Cash (BCH) $ 446.57
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • leo-tokenLEO Token (LEO) $ 9.09
  • hyperliquidHyperliquid (HYPE) $ 31.08
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • moneroMonero (XMR) $ 342.12
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • chainlinkChainlink (LINK) $ 8.88
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • canton-networkCanton (CC) $ 0.165450
  • ethena-usdeEthena USDe (USDE) $ 0.999628
  • stellarStellar (XLM) $ 0.157399
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • usd1-wlfiUSD1 (USD1) $ 0.999300
  • rainRain (RAIN) $ 0.009067
  • susdssUSDS (SUSDS) $ 1.08
  • hedera-hashgraphHedera (HBAR) $ 0.099078
  • paypal-usdPayPal USD (PYUSD) $ 0.999797
  • daiDai (DAI) $ 0.999685
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • litecoinLitecoin (LTC) $ 53.96
  • avalanche-2Avalanche (AVAX) $ 9.14
  • zcashZcash (ZEC) $ 221.79
  • wethWETH (WETH) $ 2,268.37
  • suiSui (SUI) $ 0.903992
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • crypto-com-chainCronos (CRO) $ 0.075820
  • usdt0USDT0 (USDT0) $ 0.998824
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.111384
  • the-open-networkToncoin (TON) $ 1.25
  • tether-goldTether Gold (XAUT) $ 5,332.27
  • memecoreMemeCore (M) $ 1.51
  • polkadotPolkadot (DOT) $ 1.56
  • pax-goldPAX Gold (PAXG) $ 5,390.87
  • uniswapUniswap (UNI) $ 3.77
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • mantleMantle (MNT) $ 0.637809
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • global-dollarGlobal Dollar (USDG) $ 0.999867
  • aster-2Aster (ASTER) $ 0.712100
  • falcon-financeFalcon USD (USDF) $ 0.996301
  • bittensorBittensor (TAO) $ 179.92
  • aaveAave (AAVE) $ 113.24
  • okbOKB (OKB) $ 76.40
  • pi-networkPi Network (PI) $ 0.169975
  • skySky (SKY) $ 0.067922
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • bitget-tokenBitget Token (BGB) $ 2.16
  • ripple-usdRipple USD (RLUSD) $ 0.999761
  • pepePepe (PEPE) $ 0.000004
  • nearNEAR Protocol (NEAR) $ 1.15
  • htx-daoHTX DAO (HTX) $ 0.000002
  • ethereum-classicEthereum Classic (ETC) $ 8.60
  • internet-computerInternet Computer (ICP) $ 2.41
  • bfusdBFUSD (BFUSD) $ 0.999248
  • ondo-financeOndo (ONDO) $ 0.258421
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.00
  • gatechain-tokenGate (GT) $ 6.97
  • pump-funPump.fun (PUMP) $ 0.001923
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.106734
  • worldcoin-wldWorldcoin (WLD) $ 0.389610
  • kucoin-sharesKuCoin (KCS) $ 7.66
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • hash-2Provenance Blockchain (HASH) $ 0.017991
  • midnight-3Midnight (NIGHT) $ 0.058436
  • morphoMorpho (MORPHO) $ 1.71
  • cosmosCosmos Hub (ATOM) $ 1.83
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • ethenaEthena (ENA) $ 0.104175
  • nexoNEXO (NEXO) $ 0.853062
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • usdtbUSDtb (USDTB) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 3.47
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • flare-networksFlare (FLR) $ 0.009374
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
  • kaspaKaspa (KAS) $ 0.029539
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • algorandAlgorand (ALGO) $ 0.087060
  • ousgOUSG (OUSG) $ 114.44
  • wbnbWrapped BNB (WBNB) $ 759.61
  • filecoinFilecoin (FIL) $ 0.977220
  • ignition-fbtcFunction FBTC (FBTC) $ 76,389.00
  • aptosAptos (APT) $ 0.943990
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
  • usddUSDD (USDD) $ 1.00
  • render-tokenRender (RENDER) $ 1.37
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • stable-2​​Stable (STABLE) $ 0.033212
  • xdce-crowd-saleXDC Network (XDC) $ 0.032710
  • vechainVeChain (VET) $ 0.007202
  • binance-staked-solBinance Staked SOL (BNSOL) $ 108.24
  • beldexBeldex (BDX) $ 0.081072
  • pippinpippin (PIPPIN) $ 0.599631
  • arbitrumArbitrum (ARB) $ 0.100517
  • jupiter-exchange-solanaJupiter (JUP) $ 0.167354
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • usual-usdUsual USD (USD0) $ 0.995897
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
  • decredDecred (DCR) $ 31.75
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 76,461.00
  • ghoGHO (GHO) $ 0.999885
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 76,491.00
  • bonkBonk (BONK) $ 0.000006
  • a7a5A7A5 (A7A5) $ 0.012877
  • true-usdTrueUSD (TUSD) $ 0.999439
  • clbtcclBTC (CLBTC) $ 76,920.00
  • kite-2Kite (KITE) $ 0.265377
  • fasttokenFasttoken (FTN) $ 1.09
  • blockstackStacks (STX) $ 0.256729
  • sei-networkSei (SEI) $ 0.068845
  • usdaiUSDai (USDAI) $ 0.999742
  • euro-coinEURC (EURC) $ 1.18
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,419.84
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.700998
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.31
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.97
  • tbtctBTC (TBTC) $ 70,942.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006830
  • tezosTezos (XTZ) $ 0.386488
  • wrappedm-by-m0WrappedM by M0 (WM) $ 1.00
  • dashDash (DASH) $ 32.96
  • justJUST (JST) $ 0.046966
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  • power-protocolPower Protocol (POWER) $ 1.92
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999911
  • ether-fiEther.fi (ETHFI) $ 0.503665
  • layerzeroLayerZero (ZRO) $ 1.84
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,455.82
  • curve-dao-tokenCurve DAO (CRV) $ 0.247087
  • c8ntinuumc8ntinuum (CTM) $ 0.082137
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
  • usxUSX (USX) $ 0.999611
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.13
  • lighterLighter (LIT) $ 1.40
  • cocaCOCA (COCA) $ 1.30
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.154744
  • chilizChiliz (CHZ) $ 0.033907
  • hastra-primePRIME (PRIME) $ 1.02
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,406.26
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
  • bittorrentBitTorrent (BTT) $ 0.00000034
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  • adi-tokenADI (ADI) $ 3.40
  • aerodrome-financeAerodrome Finance (AERO) $ 0.352394
  • wrapped-flareWrapped Flare (WFLR) $ 0.009961
  • kaiaKaia (KAIA) $ 0.055139
  • story-2Story (IP) $ 0.902823
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
  • spx6900SPX6900 (SPX) $ 0.336336
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
  • bitcoin-svBitcoin SV (BSV) $ 15.53
  • injective-protocolInjective (INJ) $ 3.07
  • sun-tokenSun Token (SUN) $ 0.015093
  • iotaIOTA (IOTA) $ 0.067035
  • crvusdcrvUSD (CRVUSD) $ 0.998755
  • binance-peg-xrpBinance-Peg XRP (XRP) $ 1.59
  • celestiaCelestia (TIA) $ 0.322688
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
  • pyth-networkPyth Network (PYTH) $ 0.049140
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,421.84
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  • fraxLegacy Frax Dollar (FRAX) $ 0.989774
  • olympusOlympus (OHM) $ 17.41
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  • msolMarinade Staked SOL (MSOL) $ 133.18
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  • telcoinTelcoin (TEL) $ 0.002585
  • staked-aaveStaked Aave (STKAAVE) $ 126.65
  • venice-tokenVenice Token (VVV) $ 5.54
DeFi

Avalon Labs Raises $10M Series A to Grow Bitcoin-Backed Stablecoin

By admin
0 106

Avalon Labs Raises $10M Series A to Grow Bitcoin-Backed Stablecoin

Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem.

The Series A funding round was led by Framework Ventures and included contributions from UXTO Management, Presto Labs and Kenetic Capital, according to an announcement shared with CoinDesk on Monday.

Avalon aims to evolve BTC from a digital store of value to a more active financial instrument that can serve a range of different purposes.

Users can unlock the value stored in their BTC by collateralizing it for USDa it at a fixed borrowing rate of 8%. The token reached $700 million in total value locked (TVL) earlier this month.

Along with its stablecoin, Avalon offers bitcoin-backed lending, yield generating savings accounts and a credit card.

Stablecoins are a type of digital token whose value is pegged to that of another currency, normally the U.S. dollar. Their purpose is to give users the option of protecting their funds from volatility associated with cryptocurrencies without having to remove them from the crypto ecosystem altogether.



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