• bitcoinBitcoin (BTC) $ 91,713.00
  • ethereumEthereum (ETH) $ 3,045.04
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.21
  • bnbBNB (BNB) $ 896.98
  • solanaWrapped SOL (SOL) $ 139.70
  • usd-coinUSDC (USDC) $ 0.999774
  • tronTRON (TRX) $ 0.282269
  • staked-etherLido Staked Ether (STETH) $ 3,044.44
  • dogecoinDogecoin (DOGE) $ 0.150260
  • cardanoCardano (ADA) $ 0.424972
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • whitebitWhiteBIT Coin (WBT) $ 58.98
  • wrapped-stethWrapped stETH (WSTETH) $ 3,716.70
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 91,422.00
  • bitcoin-cashBitcoin Cash (BCH) $ 559.11
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,298.05
  • usdsUSDS (USDS) $ 0.999843
  • chainlinkChainlink (LINK) $ 13.36
  • leo-tokenLEO Token (LEO) $ 9.84
  • hyperliquidHyperliquid (HYPE) $ 33.44
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • stellarStellar (XLM) $ 0.254057
  • wethWETH (WETH) $ 3,046.34
  • wrapped-eethWrapped eETH (WEETH) $ 3,295.00
  • moneroMonero (XMR) $ 410.88
  • zcashZcash (ZEC) $ 443.99
  • ethena-usdeEthena USDe (USDE) $ 0.999339
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 91,723.00
  • litecoinLitecoin (LTC) $ 84.42
  • hedera-hashgraphHedera (HBAR) $ 0.145922
  • avalanche-2Avalanche (AVAX) $ 14.24
  • suiSui (SUI) $ 1.55
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • daiDai (DAI) $ 0.999483
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.159859
  • crypto-com-chainCronos (CRO) $ 0.108944
  • susdssUSDS (SUSDS) $ 1.08
  • the-open-networkToncoin (TON) $ 1.60
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • uniswapUniswap (UNI) $ 6.17
  • paypal-usdPayPal USD (PYUSD) $ 0.999519
  • polkadotPolkadot (DOT) $ 2.28
  • mantleMantle (MNT) $ 1.10
  • usdt0USDT0 (USDT0) $ 1.00
  • canton-networkCanton (CC) $ 0.090507
  • bittensorBittensor (TAO) $ 295.00
  • aaveAave (AAVE) $ 181.33
  • usd1-wlfiUSD1 (USD1) $ 0.999257
  • bitget-tokenBitget Token (BGB) $ 3.62
  • memecoreMemeCore (M) $ 1.41
  • nearNEAR Protocol (NEAR) $ 1.86
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • okbOKB (OKB) $ 107.01
  • tether-goldTether Gold (XAUT) $ 4,214.61
  • falcon-financeFalcon USD (USDF) $ 0.998881
  • ethereum-classicEthereum Classic (ETC) $ 14.01
  • internet-computerInternet Computer (ICP) $ 3.98
  • aster-2Aster (ASTER) $ 1.07
  • pi-networkPi Network (PI) $ 0.246865
  • ethenaEthena (ENA) $ 0.271994
  • jito-staked-solJito Staked SOL (JITOSOL) $ 173.92
  • pepePepe (PEPE) $ 0.000005
  • pump-funPump.fun (PUMP) $ 0.003129
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,044.05
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.73
  • rainRain (RAIN) $ 0.007168
  • htx-daoHTX DAO (HTX) $ 0.000002
  • ondo-financeOndo (ONDO) $ 0.519914
  • kaspaKaspa (KAS) $ 0.060022
  • worldcoin-wldWorldcoin (WLD) $ 0.635192
  • aptosAptos (APT) $ 2.04
  • pax-goldPAX Gold (PAXG) $ 4,245.55
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.134129
  • kucoin-sharesKuCoin (KCS) $ 10.66
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.14
  • usdtbUSDtb (USDTB) $ 1.00
  • bfusdBFUSD (BFUSD) $ 0.999222
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,499.24
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999719
  • skySky (SKY) $ 0.055943
  • ripple-usdRipple USD (RLUSD) $ 0.999685
  • wbnbWrapped BNB (WBNB) $ 896.67
  • algorandAlgorand (ALGO) $ 0.140919
  • global-dollarGlobal Dollar (USDG) $ 0.999710
  • gatechain-tokenGate (GT) $ 10.51
  • official-trumpOfficial Trump (TRUMP) $ 6.12
  • arbitrumArbitrum (ARB) $ 0.216619
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • hash-2Provenance Blockchain (HASH) $ 0.023381
  • flare-networksFlare (FLR) $ 0.015160
  • binance-staked-solBinance Staked SOL (BNSOL) $ 151.49
  • cosmosCosmos Hub (ATOM) $ 2.43
  • filecoinFilecoin (FIL) $ 1.61
  • vechainVeChain (VET) $ 0.013464
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,223.56
  • ignition-fbtcFunction FBTC (FBTC) $ 92,046.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 91,813.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,244.20
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 91,363.00
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • xdce-crowd-saleXDC Network (XDC) $ 0.053450
  • nexoNEXO (NEXO) $ 0.955989
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 33.66
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.91
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996607
  • render-tokenRender (RENDER) $ 1.78
  • sei-networkSei (SEI) $ 0.141013
  • story-2Story (IP) $ 2.67
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.40
  • bonkBonk (BONK) $ 0.000010
  • jupiter-exchange-solanaJupiter (JUP) $ 0.253437
  • morphoMorpho (MORPHO) $ 1.49
  • ousgOUSG (OUSG) $ 113.47
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,292.70
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,241.50
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 91,624.00
  • clbtcclBTC (CLBTC) $ 90,635.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011120
  • dashDash (DASH) $ 55.50
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.261746
  • spx6900SPX6900 (SPX) $ 0.721012
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 161.13
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999751
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999755
  • usdaiUSDai (USDAI) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.937156
  • aerodrome-financeAerodrome Finance (AERO) $ 0.681921
  • optimismOptimism (OP) $ 0.324476
  • beldexBeldex (BDX) $ 0.081931
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,142.15
  • curve-dao-tokenCurve DAO (CRV) $ 0.423786
  • injective-protocolInjective (INJ) $ 5.93
  • starknetStarknet (STRK) $ 0.129727
  • lido-daoLido DAO (LDO) $ 0.657032
  • blockstackStacks (STX) $ 0.315491
  • tbtctBTC (TBTC) $ 91,439.00
  • msolMarinade Staked SOL (MSOL) $ 187.33
  • celestiaCelestia (TIA) $ 0.653423
  • usual-usdUsual USD (USD0) $ 0.998390
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,044.29
  • newton-projectAB (AB) $ 0.006052
  • the-graphThe Graph (GRT) $ 0.050384
  • tezosTezos (XTZ) $ 0.492378
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,046.07
  • myx-financeMYX Finance (MYX) $ 2.75
  • telcoinTelcoin (TEL) $ 0.005412
  • usddUSDD (USDD) $ 1.00
  • ether-fiEther.fi (ETHFI) $ 0.812927
  • true-usdTrueUSD (TUSD) $ 0.996250
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.01
  • ultimaUltima (ULTIMA) $ 4,809.49
  • flokiFLOKI (FLOKI) $ 0.000049
  • iotaIOTA (IOTA) $ 0.112319
  • gtethGTETH (GTETH) $ 3,043.76
  • kaiaKaia (KAIA) $ 0.079399
  • stader-ethxStader ETHx (ETHX) $ 3,276.22
  • pendlePendle (PENDLE) $ 2.71
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,239.64
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.59
  • pyth-networkPyth Network (PYTH) $ 0.074794
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • lorenzo-wrapped-bitcoinLorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • basic-attention-tokenBasic Attention (BAT) $ 0.283184
  • plasmaPlasma (XPL) $ 0.211873
  • bitcoin-svBitcoin SV (BSV) $ 21.02
  • ghoGHO (GHO) $ 1.00
  • justJUST (JST) $ 0.042065
  • conflux-tokenConflux (CFX) $ 0.079995
  • bittorrentBitTorrent (BTT) $ 0.00000042
  • sonic-3Sonic (S) $ 0.108351
  • swethSwell Ethereum (SWETH) $ 3,342.68
  • doublezeroDoubleZero (2Z) $ 0.117044
  • usdbUSDB (USDB) $ 0.996469
  • the-sandboxThe Sandbox (SAND) $ 0.154744
  • decredDecred (DCR) $ 23.51
  • heliumHelium (HNT) $ 2.15
  • sbtc-2sBTC (SBTC) $ 90,575.00
  • sun-tokenSun Token (SUN) $ 0.020624
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,375.04
  • apenftAINFT (NFT) $ 0.00000039
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.150162
  • flowFlow (FLOW) $ 0.233555
  • dogwifcoindogwifhat (WIF) $ 0.377922
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 91,718.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,046.03
  • olympusOlympus (OHM) $ 22.59
  • tominetTOMI (TOMI) $ 0.000006
  • galaGALA (GALA) $ 0.007714
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 17.55
  • jasmycoinJasmyCoin (JASMY) $ 0.007247
  • merlin-chainMerlin Chain (MERL) $ 0.334472
  • wrapped-hypeWrapped HYPE (WHYPE) $ 33.23
  • ape-and-pepeApe and Pepe (APEPE) $ 0.000002
  • gnosisGnosis (GNO) $ 132.28
DeFi

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

By admin
0 72

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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