• bitcoinBitcoin (BTC) $ 108,559.00
  • ethereumEthereum (ETH) $ 4,453.16
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.82
  • bnbBNB (BNB) $ 858.62
  • solanaSolana (SOL) $ 203.56
  • usd-coinUSDC (USDC) $ 0.999802
  • staked-etherLido Staked Ether (STETH) $ 4,443.35
  • dogecoinDogecoin (DOGE) $ 0.216898
  • tronTRON (TRX) $ 0.341725
  • cardanoCardano (ADA) $ 0.820752
  • wrapped-stethWrapped stETH (WSTETH) $ 5,388.09
  • chainlinkChainlink (LINK) $ 23.65
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,800.30
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,478.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,774.76
  • hyperliquidHyperliquid (HYPE) $ 44.36
  • suiSui (SUI) $ 3.30
  • stellarStellar (XLM) $ 0.358618
  • bitcoin-cashBitcoin Cash (BCH) $ 548.35
  • avalanche-2Avalanche (AVAX) $ 23.92
  • crypto-com-chainCronos (CRO) $ 0.292336
  • wethWETH (WETH) $ 4,456.28
  • hedera-hashgraphHedera (HBAR) $ 0.224642
  • leo-tokenLEO Token (LEO) $ 9.57
  • litecoinLitecoin (LTC) $ 111.15
  • the-open-networkToncoin (TON) $ 3.14
  • usdsUSDS (USDS) $ 0.999697
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999976
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,520.00
  • whitebitWhiteBIT Coin (WBT) $ 42.32
  • uniswapUniswap (UNI) $ 9.81
  • polkadotPolkadot (DOT) $ 3.80
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.56
  • aaveAave (AAVE) $ 320.66
  • moneroMonero (XMR) $ 262.27
  • daiDai (DAI) $ 0.999834
  • ethenaEthena (ENA) $ 0.665841
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.19
  • okbOKB (OKB) $ 175.12
  • ethereum-classicEthereum Classic (ETC) $ 21.01
  • bittensorBittensor (TAO) $ 322.68
  • pi-networkPi Network (PI) $ 0.384379
  • nearNEAR Protocol (NEAR) $ 2.43
  • jito-staked-solJito Staked SOL (JITOSOL) $ 249.89
  • aptosAptos (APT) $ 4.32
  • ondo-financeOndo (ONDO) $ 0.912487
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.273890
  • usdt0USDT0 (USDT0) $ 0.999653
  • arbitrumArbitrum (ARB) $ 0.510427
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,455.97
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.82
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 218.03
  • story-2Story (IP) $ 7.60
  • kaspaKaspa (KAS) $ 0.085241
  • cosmosCosmos Hub (ATOM) $ 4.56
  • vechainVeChain (VET) $ 0.024600
  • algorandAlgorand (ALGO) $ 0.236852
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,073.29
  • gatechain-tokenGate (GT) $ 16.83
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.51
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.42
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,674.51
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029644
  • kucoin-sharesKuCoin (KCS) $ 14.40
  • render-tokenRender (RENDER) $ 3.48
  • worldcoin-wldWorldcoin (WLD) $ 0.899916
  • sei-networkSei (SEI) $ 0.288607
  • bonkBonk (BONK) $ 0.000022
  • official-trumpOfficial Trump (TRUMP) $ 8.61
  • bfusdBFUSD (BFUSD) $ 0.999469
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,689.04
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.624071
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.46
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,807.10
  • filecoinFilecoin (FIL) $ 2.30
  • jupiter-exchange-solanaJupiter (JUP) $ 0.499158
  • flare-networksFlare (FLR) $ 0.021242
  • skySky (SKY) $ 0.065280
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,455.00
  • usdtbUSDtb (USDTB) $ 0.999965
  • xdce-crowd-saleXDC Network (XDC) $ 0.080536
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999976
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,706.28
  • falcon-financeFalcon USD (USDF) $ 0.999859
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,787.38
  • fourFour (FORM) $ 3.40
  • tether-goldTether Gold (XAUT) $ 3,458.06
  • hash-2Provenance Blockchain (HASH) $ 0.026212
  • injective-protocolInjective (INJ) $ 12.79
  • optimismOptimism (OP) $ 0.702160
  • celestiaCelestia (TIA) $ 1.63
  • nexoNEXO (NEXO) $ 1.22
  • pump-funPump.fun (PUMP) $ 0.003366
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 231.06
  • wbnbWrapped BNB (WBNB) $ 858.74
  • paypal-usdPayPal USD (PYUSD) $ 0.999635
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998409
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,872.00
  • blockstackStacks (STX) $ 0.628534
  • lido-daoLido DAO (LDO) $ 1.23
  • curve-dao-tokenCurve DAO (CRV) $ 0.776150
  • memecoreMemeCore (M) $ 0.645191
  • pyth-networkPyth Network (PYTH) $ 0.183769
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999703
  • aerodrome-financeAerodrome Finance (AERO) $ 1.17
  • spx6900SPX6900 (SPX) $ 1.11
  • sonic-3Sonic (S) $ 0.316332
  • conflux-tokenConflux (CFX) $ 0.194671
  • super-oethSuper OETH (SUPEROETH) $ 4,454.80
  • immutable-xImmutable (IMX) $ 0.518354
  • pax-goldPAX Gold (PAXG) $ 3,462.78
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • the-graphThe Graph (GRT) $ 0.089921
  • msolMarinade Staked SOL (MSOL) $ 268.90
  • saros-financeSaros (SAROS) $ 0.349719
  • raydiumRaydium (RAY) $ 3.43
  • flokiFLOKI (FLOKI) $ 0.000095
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,835.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,433.60
  • kaiaKaia (KAIA) $ 0.148867
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,318.18
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • clbtcclBTC (CLBTC) $ 109,179.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,456.87
  • pendlePendle (PENDLE) $ 4.82
  • dogwifcoindogwifhat (WIF) $ 0.810946
  • theta-tokenTheta Network (THETA) $ 0.795906
  • fartcoinFartcoin (FARTCOIN) $ 0.787301
  • vaultaVaulta (A) $ 0.492299
  • tezosTezos (XTZ) $ 0.727673
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.19
  • iotaIOTA (IOTA) $ 0.192523
  • galaGALA (GALA) $ 0.016411
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.14
  • ousgOUSG (OUSG) $ 112.39
  • jito-governance-tokenJito (JTO) $ 1.94
  • jasmycoinJasmyCoin (JASMY) $ 0.014635
  • ripple-usdRipple USD (RLUSD) $ 0.999789
  • newton-projectAB (AB) $ 0.009150
  • loaded-lionsLoaded Lions (LION) $ 0.022445
  • the-sandboxThe Sandbox (SAND) $ 0.280396
  • build-onBUILDon (B) $ 0.682875
  • stader-ethxStader ETHx (ETHX) $ 4,768.00
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997670
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • flowFlow (FLOW) $ 0.420346
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,783.84
  • morphoMorpho (MORPHO) $ 1.99
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,456.48
  • zcashZcash (ZEC) $ 40.29
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • tbtctBTC (TBTC) $ 108,283.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,892.36
  • swethSwell Ethereum (SWETH) $ 4,819.64
  • usual-usdUsual USD (USD0) $ 0.997512
  • beldexBeldex (BDX) $ 0.076990
  • decentralandDecentraland (MANA) $ 0.292194
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.216788
  • global-dollarGlobal Dollar (USDG) $ 0.999525
  • walrus-2Walrus (WAL) $ 0.390736
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,586.00
  • vision-3Vision (VSN) $ 0.164972
  • bitcoin-svBitcoin SV (BSV) $ 25.99
  • syrupMaple Finance (SYRUP) $ 0.458882
  • ether-fiEther.fi (ETHFI) $ 1.09
  • frax-etherFrax Ether (FRXETH) $ 4,415.19
  • true-usdTrueUSD (TUSD) $ 0.996610
  • starknetStarknet (STRK) $ 0.128031
  • heliumHelium (HNT) $ 2.60
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,455.14
  • neoNEO (NEO) $ 6.81
  • based-brettBrett (BRETT) $ 0.047982
  • dydx-chaindYdX (DYDX) $ 0.608818
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,242.00
  • apecoinApeCoin (APE) $ 0.575162
  • coredaoorgCore (CORE) $ 0.446057
  • apenftAPENFT (NFT) $ 0.00000045
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 224.30
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007493
  • usddUSDD (USDD) $ 0.999676
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • telcoinTelcoin (TEL) $ 0.004742
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999809
  • sun-tokenSun Token (SUN) $ 0.022811
  • savings-daiSavings Dai (SDAI) $ 1.16
  • dexeDeXe (DEXE) $ 7.58
  • zksyncZKsync (ZK) $ 0.059782
  • axie-infinityAxie Infinity (AXS) $ 2.58
  • instadappFluid (FLUID) $ 6.31
  • thorchainTHORChain (RUNE) $ 1.21
  • arweaveArweave (AR) $ 6.50
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999806
DeFi

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

By admin
0 41

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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