• bitcoinBitcoin (BTC) $ 110,607.00
  • ethereumEthereum (ETH) $ 4,000.92
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 1,181.63
  • xrpXRP (XRP) $ 2.41
  • solanaSolana (SOL) $ 192.96
  • usd-coinUSDC (USDC) $ 0.999889
  • staked-etherLido Staked Ether (STETH) $ 3,999.08
  • tronTRON (TRX) $ 0.321794
  • dogecoinDogecoin (DOGE) $ 0.197435
  • cardanoCardano (ADA) $ 0.671180
  • wrapped-stethWrapped stETH (WSTETH) $ 4,867.06
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,316.65
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,763.00
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.02
  • chainlinkChainlink (LINK) $ 18.05
  • ethena-usdeEthena USDe (USDE) $ 0.999735
  • wrapped-eethWrapped eETH (WEETH) $ 4,318.01
  • bitcoin-cashBitcoin Cash (BCH) $ 522.15
  • stellarStellar (XLM) $ 0.324761
  • hyperliquidHyperliquid (HYPE) $ 37.66
  • suiSui (SUI) $ 2.67
  • wethWETH (WETH) $ 4,002.25
  • avalanche-2Avalanche (AVAX) $ 21.87
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • leo-tokenLEO Token (LEO) $ 9.65
  • usdsUSDS (USDS) $ 0.999906
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 110,706.00
  • hedera-hashgraphHedera (HBAR) $ 0.179381
  • usdt0USDT0 (USDT0) $ 0.999912
  • litecoinLitecoin (LTC) $ 94.84
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • mantleMantle (MNT) $ 1.86
  • whitebitWhiteBIT Coin (WBT) $ 42.10
  • moneroMonero (XMR) $ 316.83
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • the-open-networkToncoin (TON) $ 2.24
  • crypto-com-chainCronos (CRO) $ 0.157655
  • polkadotPolkadot (DOT) $ 3.15
  • daiDai (DAI) $ 0.999977
  • chainopera-aiChainOpera AI (COAI) $ 22.98
  • uniswapUniswap (UNI) $ 6.59
  • zcashZcash (ZEC) $ 241.71
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.139240
  • bittensorBittensor (TAO) $ 391.74
  • okbOKB (OKB) $ 178.06
  • aaveAave (AAVE) $ 241.06
  • bitget-tokenBitget Token (BGB) $ 4.83
  • memecoreMemeCore (M) $ 1.96
  • ethenaEthena (ENA) $ 0.425803
  • pepePepe (PEPE) $ 0.000007
  • nearNEAR Protocol (NEAR) $ 2.32
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 238.75
  • usd1-wlfiUSD1 (USD1) $ 0.999787
  • aster-2Aster (ASTER) $ 1.32
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • c1usdCurrency One USD (C1USD) $ 0.999747
  • susdssUSDS (SUSDS) $ 1.07
  • ethereum-classicEthereum Classic (ETC) $ 16.40
  • aptosAptos (APT) $ 3.49
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,002.38
  • ondo-financeOndo (ONDO) $ 0.763733
  • falcon-financeFalcon USD (USDF) $ 0.997166
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.47
  • worldcoin-wldWorldcoin (WLD) $ 0.936736
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.196044
  • story-2Story (IP) $ 6.06
  • htx-daoHTX DAO (HTX) $ 0.000002
  • gatechain-tokenGate (GT) $ 16.01
  • binance-staked-solBinance Staked SOL (BNSOL) $ 207.71
  • kucoin-sharesKuCoin (KCS) $ 14.17
  • usdtbUSDtb (USDTB) $ 1.00
  • internet-computerInternet Computer (ICP) $ 3.34
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,575.54
  • hash-2Provenance Blockchain (HASH) $ 0.035480
  • arbitrumArbitrum (ARB) $ 0.326951
  • algorandAlgorand (ALGO) $ 0.196018
  • pi-networkPi Network (PI) $ 0.208805
  • bfusdBFUSD (BFUSD) $ 0.999594
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,225.03
  • tether-goldTether Gold (XAUT) $ 4,248.49
  • cosmosCosmos Hub (ATOM) $ 3.35
  • vechainVeChain (VET) $ 0.018299
  • wbnbWrapped BNB (WBNB) $ 1,181.65
  • kaspaKaspa (KAS) $ 0.057636
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,223.83
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 37.64
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.023344
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,324.92
  • flare-networksFlare (FLR) $ 0.018776
  • render-tokenRender (RENDER) $ 2.72
  • skySky (SKY) $ 0.059519
  • pump-funPump.fun (PUMP) $ 0.003836
  • sei-networkSei (SEI) $ 0.216052
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 110,744.00
  • pax-goldPAX Gold (PAXG) $ 4,247.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,244.42
  • official-trumpOfficial Trump (TRUMP) $ 6.07
  • syrupusdcSyrup USDC (SYRUPUSDC) $ 1.13
  • nexoNEXO (NEXO) $ 1.18
  • bonkBonk (BONK) $ 0.000015
  • jupiter-exchange-solanaJupiter (JUP) $ 0.363878
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999952
  • filecoinFilecoin (FIL) $ 1.60
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 110,485.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.060943
  • spx6900SPX6900 (SPX) $ 1.14
  • immutable-xImmutable (IMX) $ 0.539999
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997544
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.04
  • morphoMorpho (MORPHO) $ 1.93
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,306.22
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 220.87
  • global-dollarGlobal Dollar (USDG) $ 1.00
  • doublezeroDoubleZero (2Z) $ 0.268842
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 110,627.00
  • injective-protocolInjective (INJ) $ 9.12
  • celestiaCelestia (TIA) $ 1.08
  • fasttokenFasttoken (FTN) $ 2.02
  • clbtcclBTC (CLBTC) $ 111,681.00
  • plasmaPlasma (XPL) $ 0.467720
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • blockstackStacks (STX) $ 0.459349
  • lido-daoLido DAO (LDO) $ 0.917896
  • optimismOptimism (OP) $ 0.458131
  • msolMarinade Staked SOL (MSOL) $ 256.98
  • curve-dao-tokenCurve DAO (CRV) $ 0.556603
  • ousgOUSG (OUSG) $ 112.94
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.291951
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,790.62
  • aerodrome-financeAerodrome Finance (AERO) $ 0.825512
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,002.50
  • sonic-3Sonic (S) $ 0.190165
  • the-graphThe Graph (GRT) $ 0.066384
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.86
  • flokiFLOKI (FLOKI) $ 0.000072
  • pyth-networkPyth Network (PYTH) $ 0.119191
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997571
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • saros-financeSaros (SAROS) $ 0.255828
  • tezosTezos (XTZ) $ 0.614668
  • kaiaKaia (KAIA) $ 0.110696
  • rna-2RNA (SN117) $ 4,708.96
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,001.59
  • tbtctBTC (TBTC) $ 110,672.00
  • stader-ethxStader ETHx (ETHX) $ 4,288.61
  • gtethGTETH (GTETH) $ 4,000.50
  • ether-fiEther.fi (ETHFI) $ 1.18
  • newton-projectAB (AB) $ 0.007375
  • dashDash (DASH) $ 48.29
  • myx-financeMYX Finance (MYX) $ 3.16
  • iotaIOTA (IOTA) $ 0.146393
  • usdaiUSDai (USDAI) $ 1.03
  • beldexBeldex (BDX) $ 0.079056
  • conflux-tokenConflux (CFX) $ 0.112989
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.39
  • theta-tokenTheta Network (THETA) $ 0.574074
  • pendlePendle (PENDLE) $ 3.30
  • dogwifcoindogwifhat (WIF) $ 0.549336
  • usual-usdUsual USD (USD0) $ 0.998183
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,407.03
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.22
  • havvenSynthetix (SNX) $ 1.57
  • swethSwell Ethereum (SWETH) $ 4,410.26
  • galaGALA (GALA) $ 0.011597
  • astherus-staked-bnbAster Staked BNB (ASBNB) $ 1,247.54
  • the-sandboxThe Sandbox (SAND) $ 0.217013
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,301.92
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.811815
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 110,768.00
  • starknetStarknet (STRK) $ 0.120556
  • raydiumRaydium (RAY) $ 1.92
  • jasmycoinJasmyCoin (JASMY) $ 0.010536
  • swissborgSwissBorg (BORG) $ 0.514900
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997549
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.197638
  • bittorrentBitTorrent (BTT) $ 0.00000051
  • decentralandDecentraland (MANA) $ 0.260305
  • true-usdTrueUSD (TUSD) $ 0.999386
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.26
  • usddUSDD (USDD) $ 1.00
  • aethirAethir (ATH) $ 0.034411
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
  • vaultaVaulta (A) $ 0.302030
  • arbitrum-bridged-wrapped-eethArbitrum Bridged Wrapped eETH (Arbitrum) (WEETH) $ 4,311.65
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999906
  • syrupMaple Finance (SYRUP) $ 0.421533
  • flowFlow (FLOW) $ 0.286440
  • sun-tokenSun Token (SUN) $ 0.024059
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,000.77
  • bitcoin-svBitcoin SV (BSV) $ 22.41
  • zero-gravity0G (0G) $ 2.07
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,002.10
  • frax-etherFrax Ether (FRXETH) $ 3,968.75
  • jito-governance-tokenJito (JTO) $ 1.11
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 26.84
  • hashnote-usycCircle USYC (USYC) $ 1.10
  • apenftAPENFT (NFT) $ 0.00000042
DeFi

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

By admin
0 54

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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