• bitcoinBitcoin (BTC) $ 105,180.00
  • ethereumEthereum (ETH) $ 2,539.23
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.17
  • bnbBNB (BNB) $ 657.25
  • solanaSolana (SOL) $ 155.44
  • usd-coinUSDC (USDC) $ 0.999801
  • dogecoinDogecoin (DOGE) $ 0.193604
  • tronTRON (TRX) $ 0.268657
  • cardanoCardano (ADA) $ 0.681533
  • staked-etherLido Staked Ether (STETH) $ 2,533.24
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,106.00
  • suiSui (SUI) $ 3.30
  • hyperliquidHyperliquid (HYPE) $ 32.92
  • wrapped-stethWrapped stETH (WSTETH) $ 3,042.17
  • chainlinkChainlink (LINK) $ 14.06
  • avalanche-2Avalanche (AVAX) $ 20.86
  • stellarStellar (XLM) $ 0.267063
  • bitcoin-cashBitcoin Cash (BCH) $ 404.29
  • leo-tokenLEO Token (LEO) $ 8.62
  • the-open-networkToncoin (TON) $ 3.14
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  • usdsUSDS (USDS) $ 0.999826
  • hedera-hashgraphHedera (HBAR) $ 0.168458
  • wethWETH (WETH) $ 2,540.55
  • litecoinLitecoin (LTC) $ 88.05
  • wrapped-eethWrapped eETH (WEETH) $ 2,697.74
  • polkadotPolkadot (DOT) $ 4.07
  • moneroMonero (XMR) $ 330.35
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.993721
  • bitget-tokenBitget Token (BGB) $ 4.76
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • pi-networkPi Network (PI) $ 0.644312
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 105,153.00
  • whitebitWhiteBIT Coin (WBT) $ 31.15
  • daiDai (DAI) $ 0.999915
  • aaveAave (AAVE) $ 252.06
  • uniswapUniswap (UNI) $ 6.27
  • bittensorBittensor (TAO) $ 419.44
  • crypto-com-chainCronos (CRO) $ 0.105316
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 50.52
  • aptosAptos (APT) $ 4.80
  • nearNEAR Protocol (NEAR) $ 2.46
  • jito-staked-solJito Staked SOL (JITOSOL) $ 187.89
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.98
  • ondo-financeOndo (ONDO) $ 0.835293
  • ethereum-classicEthereum Classic (ETC) $ 17.05
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.89
  • gatechain-tokenGate (GT) $ 19.30
  • susdssUSDS (SUSDS) $ 1.05
  • mantleMantle (MNT) $ 0.683107
  • official-trumpOfficial Trump (TRUMP) $ 11.31
  • kaspaKaspa (KAS) $ 0.085616
  • usd1-wlfiUSD1 (USD1) $ 0.999972
  • vechainVeChain (VET) $ 0.024221
  • render-tokenRender (RENDER) $ 3.91
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.767576
  • cosmosCosmos Hub (ATOM) $ 4.36
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,994.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.215462
  • fasttokenFasttoken (FTN) $ 4.44
  • ethenaEthena (ENA) $ 0.314991
  • worldcoin-wldWorldcoin (WLD) $ 1.15
  • filecoinFilecoin (FIL) $ 2.58
  • algorandAlgorand (ALGO) $ 0.197198
  • arbitrumArbitrum (ARB) $ 0.342503
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997892
  • jupiter-exchange-solanaJupiter (JUP) $ 0.531132
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.45
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,523.33
  • celestiaCelestia (TIA) $ 2.22
  • kucoin-sharesKuCoin (KCS) $ 11.36
  • binance-staked-solBinance Staked SOL (BNSOL) $ 164.20
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.07
  • usdt0USDT0 (USDT0) $ 1.00
  • bonkBonk (BONK) $ 0.000017
  • sonic-3Sonic (S) $ 0.394795
  • nexoNEXO (NEXO) $ 1.23
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,881.11
  • flare-networksFlare (FLR) $ 0.018309
  • injective-protocolInjective (INJ) $ 12.07
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,648.86
  • story-2Story (IP) $ 4.12
  • blockstackStacks (STX) $ 0.745699
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  • optimismOptimism (OP) $ 0.653289
  • sei-networkSei (SEI) $ 0.195343
  • immutable-xImmutable (IMX) $ 0.554426
  • xdce-crowd-saleXDC Network (XDC) $ 0.061772
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.993017
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 104,802.00
  • eosEOS (EOS) $ 0.645439
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,708.40
  • the-graphThe Graph (GRT) $ 0.096253
  • spx6900SPX6900 (SPX) $ 0.993595
  • curve-dao-tokenCurve DAO (CRV) $ 0.676826
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,660.38
  • paypal-usdPayPal USD (PYUSD) $ 0.999207
  • makerMaker (MKR) $ 1,592.34
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 105,075.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 653.07
  • dogwifcoindogwifhat (WIF) $ 0.862469
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,667.96
  • flokiFLOKI (FLOKI) $ 0.000087
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 173.36
  • clbtcclBTC (CLBTC) $ 106,375.00
  • dexeDeXe (DEXE) $ 14.34
  • zcashZcash (ZEC) $ 50.88
  • tether-goldTether Gold (XAUT) $ 3,297.69
  • pax-goldPAX Gold (PAXG) $ 3,309.11
  • lido-daoLido DAO (LDO) $ 0.865397
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • theta-tokenTheta Network (THETA) $ 0.763644
  • galaGALA (GALA) $ 0.016891
  • jasmycoinJasmyCoin (JASMY) $ 0.015532
  • msolMarinade Staked SOL (MSOL) $ 202.26
  • raydiumRaydium (RAY) $ 2.55
  • coredaoorgCore (CORE) $ 0.700379
  • iotaIOTA (IOTA) $ 0.182855
  • pyth-networkPyth Network (PYTH) $ 0.120792
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.96
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • walrus-2Walrus (WAL) $ 0.499343
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • the-sandboxThe Sandbox (SAND) $ 0.275213
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010691
  • ousgOUSG (OUSG) $ 111.26
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,743.00
  • bitcoin-svBitcoin SV (BSV) $ 33.42
  • pendlePendle (PENDLE) $ 4.06
  • usual-usdUsual USD (USD0) $ 0.997416
  • kaiaKaia (KAIA) $ 0.105471
  • polyhedra-networkPolyhedra Network (ZKJ) $ 1.99
  • heliumHelium (HNT) $ 3.31
  • tezosTezos (XTZ) $ 0.571131
  • thorchainTHORChain (RUNE) $ 1.67
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,540.94
  • flowFlow (FLOW) $ 0.366083
  • jito-governance-tokenJito (JTO) $ 1.70
  • ketKet (KET) $ 0.560786
  • super-oethSuper OETH (SUPEROETH) $ 2,541.47
  • saros-financeSaros (SAROS) $ 0.207067
  • chain-2Onyxcoin (XCN) $ 0.015969
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,653.77
  • based-brettBrett (BRETT) $ 0.052992
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,710.11
  • decentralandDecentraland (MANA) $ 0.274759
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 105,199.00
  • grassGrass (GRASS) $ 1.80
  • apecoinApeCoin (APE) $ 0.640951
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,540.52
  • true-usdTrueUSD (TUSD) $ 0.998589
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.192626
  • kaitoKAITO (KAITO) $ 2.04
  • zebec-networkZebec Network (ZBCN) $ 0.006033
  • tbtctBTC (TBTC) $ 105,033.00
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004669
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999704
  • beldexBeldex (BDX) $ 0.064274
  • starknetStarknet (STRK) $ 0.136727
  • kavaKava (KAVA) $ 0.420130
  • falcon-financeFalcon USD (USDF) $ 0.999831
  • aioz-networkAIOZ Network (AIOZ) $ 0.379709
  • elrond-erd-2MultiversX (EGLD) $ 15.47
  • aethirAethir (ATH) $ 0.047883
  • dydx-chaindYdX (DYDX) $ 0.552700
  • wrapped-hypeWrapped HYPE (WHYPE) $ 32.93
  • eigenlayerEigenlayer (EIGEN) $ 1.41
  • aerodrome-financeAerodrome Finance (AERO) $ 0.518736
  • arweaveArweave (AR) $ 6.52
  • ecasheCash (XEC) $ 0.000021
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007326
  • pumpbtcpumpBTC (PUMPBTC) $ 102,689.00
  • neoNEO (NEO) $ 5.92
  • apenftAPENFT (NFT) $ 0.00000042
  • build-onBUILDon (B) $ 0.416773
  • axie-infinityAxie Infinity (AXS) $ 2.56
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • roninRonin (RON) $ 0.605233
  • ether-fiEther.fi (ETHFI) $ 1.20
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 35.81
  • conflux-tokenConflux (CFX) $ 0.077048
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,537.57
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  • usddUSDD (USDD) $ 0.999858
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  • deepDeepBook (DEEP) $ 0.152161
  • stader-ethxStader ETHx (ETHX) $ 2,693.72
  • syrupMaple Finance (SYRUP) $ 0.349862
  • livepeerLivepeer (LPT) $ 8.97
  • morphoMorpho (MORPHO) $ 1.36
  • wormholeWormhole (W) $ 0.080890
DeFi

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

By admin
0 22

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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