• bitcoinBitcoin (BTC) $ 118,378.00
  • ethereumEthereum (ETH) $ 3,356.32
  • xrpXRP (XRP) $ 3.04
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 720.38
  • solanaSolana (SOL) $ 171.71
  • usd-coinUSDC (USDC) $ 0.999869
  • dogecoinDogecoin (DOGE) $ 0.213100
  • staked-etherLido Staked Ether (STETH) $ 3,351.17
  • tronTRON (TRX) $ 0.310130
  • cardanoCardano (ADA) $ 0.752494
  • hyperliquidHyperliquid (HYPE) $ 46.12
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,360.00
  • stellarStellar (XLM) $ 0.452582
  • wrapped-stethWrapped stETH (WSTETH) $ 4,047.56
  • suiSui (SUI) $ 3.95
  • chainlinkChainlink (LINK) $ 16.58
  • hedera-hashgraphHedera (HBAR) $ 0.232197
  • bitcoin-cashBitcoin Cash (BCH) $ 494.23
  • avalanche-2Avalanche (AVAX) $ 22.38
  • wrapped-eethWrapped eETH (WEETH) $ 3,593.33
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • leo-tokenLEO Token (LEO) $ 8.80
  • wethWETH (WETH) $ 3,355.08
  • the-open-networkToncoin (TON) $ 3.16
  • litecoinLitecoin (LTC) $ 96.69
  • usdsUSDS (USDS) $ 0.999901
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 45.04
  • polkadotPolkadot (DOT) $ 4.14
  • moneroMonero (XMR) $ 336.38
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,465.00
  • pepePepe (PEPE) $ 0.000013
  • uniswapUniswap (UNI) $ 8.97
  • bitget-tokenBitget Token (BGB) $ 4.71
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • aaveAave (AAVE) $ 320.07
  • bittensorBittensor (TAO) $ 427.62
  • daiDai (DAI) $ 0.999897
  • pi-networkPi Network (PI) $ 0.441624
  • aptosAptos (APT) $ 5.15
  • nearNEAR Protocol (NEAR) $ 2.71
  • crypto-com-chainCronos (CRO) $ 0.106079
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.950000
  • ethereum-classicEthereum Classic (ETC) $ 19.65
  • internet-computerInternet Computer (ICP) $ 5.58
  • jito-staked-solJito Staked SOL (JITOSOL) $ 208.29
  • bonkBonk (BONK) $ 0.000038
  • okbOKB (OKB) $ 47.29
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.734265
  • algorandAlgorand (ALGO) $ 0.282059
  • kaspaKaspa (KAS) $ 0.091768
  • ethenaEthena (ENA) $ 0.371607
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • vechainVeChain (VET) $ 0.025326
  • arbitrumArbitrum (ARB) $ 0.437286
  • cosmosCosmos Hub (ATOM) $ 4.71
  • render-tokenRender (RENDER) $ 3.99
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.229041
  • sei-networkSei (SEI) $ 0.353784
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,363.45
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.768535
  • official-trumpOfficial Trump (TRUMP) $ 9.91
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031208
  • fasttokenFasttoken (FTN) $ 4.51
  • worldcoin-wldWorldcoin (WLD) $ 1.11
  • susdssUSDS (SUSDS) $ 1.06
  • pump-funPump.fun (PUMP) $ 0.005392
  • gatechain-tokenGate (GT) $ 15.81
  • filecoinFilecoin (FIL) $ 2.64
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 118,450.00
  • spx6900SPX6900 (SPX) $ 1.81
  • skySky (SKY) $ 0.078963
  • binance-staked-solBinance Staked SOL (BNSOL) $ 182.32
  • quant-networkQuant (QNT) $ 114.06
  • jupiter-exchange-solanaJupiter (JUP) $ 0.533599
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,518.17
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,816.63
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.86
  • kucoin-sharesKuCoin (KCS) $ 11.72
  • usdtbUSDtb (USDTB) $ 0.999969
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997496
  • fartcoinFartcoin (FARTCOIN) $ 1.41
  • celestiaCelestia (TIA) $ 1.94
  • usdt0USDT0 (USDT0) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.958133
  • nexoNEXO (NEXO) $ 1.31
  • injective-protocolInjective (INJ) $ 13.33
  • blockstackStacks (STX) $ 0.816747
  • flokiFLOKI (FLOKI) $ 0.000131
  • story-2Story (IP) $ 4.30
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,525.98
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,586.62
  • flare-networksFlare (FLR) $ 0.017916
  • xdce-crowd-saleXDC Network (XDC) $ 0.076483
  • optimismOptimism (OP) $ 0.700709
  • sonic-3Sonic (S) $ 0.376466
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,627.41
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.75
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,513.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,539.11
  • dogwifcoindogwifhat (WIF) $ 1.07
  • immutable-xImmutable (IMX) $ 0.539926
  • the-graphThe Graph (GRT) $ 0.103030
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,159.00
  • wbnbWrapped BNB (WBNB) $ 721.98
  • pax-goldPAX Gold (PAXG) $ 3,347.62
  • clbtcclBTC (CLBTC) $ 119,238.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 192.80
  • kaiaKaia (KAIA) $ 0.153256
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.67
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.54
  • vaultaVaulta (A) $ 0.555875
  • iotaIOTA (IOTA) $ 0.224211
  • msolMarinade Staked SOL (MSOL) $ 224.18
  • paypal-usdPayPal USD (PYUSD) $ 0.999734
  • theta-tokenTheta Network (THETA) $ 0.837615
  • lido-daoLido DAO (LDO) $ 0.926931
  • tether-goldTether Gold (XAUT) $ 3,338.73
  • galaGALA (GALA) $ 0.018032
  • jasmycoinJasmyCoin (JASMY) $ 0.016736
  • raydiumRaydium (RAY) $ 2.94
  • aerodrome-financeAerodrome Finance (AERO) $ 0.916139
  • the-sandboxThe Sandbox (SAND) $ 0.313831
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,587.85
  • super-oethSuper OETH (SUPEROETH) $ 3,358.40
  • pyth-networkPyth Network (PYTH) $ 0.124549
  • zcashZcash (ZEC) $ 44.22
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,545.92
  • ousgOUSG (OUSG) $ 111.82
  • saros-financeSaros (SAROS) $ 0.263769
  • pendlePendle (PENDLE) $ 4.18
  • tezosTezos (XTZ) $ 0.655996
  • bittorrentBitTorrent (BTT) $ 0.00000069
  • jito-governance-tokenJito (JTO) $ 1.93
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998458
  • morphoMorpho (MORPHO) $ 2.06
  • tbtctBTC (TBTC) $ 118,355.00
  • chain-2Onyxcoin (XCN) $ 0.018959
  • falcon-financeFalcon USD (USDF) $ 0.999912
  • mog-coinMog Coin (MOG) $ 0.000002
  • flowFlow (FLOW) $ 0.401176
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • walrus-2Walrus (WAL) $ 0.459032
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,359.35
  • based-brettBrett (BRETT) $ 0.061014
  • decentralandDecentraland (MANA) $ 0.315016
  • newton-projectAB (AB) $ 0.008897
  • memecoreMemeCore (M) $ 0.358904
  • heliumHelium (HNT) $ 3.19
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 118,269.00
  • usual-usdUsual USD (USD0) $ 0.997654
  • tokenize-xchangeTokenize Xchange (TKX) $ 7.21
  • bitcoin-svBitcoin SV (BSV) $ 28.84
  • thorchainTHORChain (RUNE) $ 1.61
  • telcoinTelcoin (TEL) $ 0.006158
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,383.00
  • coredaoorgCore (CORE) $ 0.551456
  • wrapped-hypeWrapped HYPE (WHYPE) $ 46.08
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.214238
  • ether-fiEther.fi (ETHFI) $ 1.30
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,355.23
  • apecoinApeCoin (APE) $ 0.661590
  • usddUSDD (USDD) $ 1.00
  • stader-ethxStader ETHx (ETHX) $ 3,571.10
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • beldexBeldex (BDX) $ 0.072180
  • starknetStarknet (STRK) $ 0.142992
  • syrupMaple Finance (SYRUP) $ 0.471619
  • savings-daiSavings Dai (SDAI) $ 1.16
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008638
  • conflux-tokenConflux (CFX) $ 0.098744
  • true-usdTrueUSD (TUSD) $ 0.999303
  • build-onBUILDon (B) $ 0.492464
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,702.69
  • dydx-chaindYdX (DYDX) $ 0.646573
  • staked-hypeStaked HYPE (STHYPE) $ 46.02
  • deepDeepBook (DEEP) $ 0.192396
  • aioz-networkAIOZ Network (AIOZ) $ 0.402438
  • arweaveArweave (AR) $ 7.26
  • compound-governance-tokenCompound (COMP) $ 49.85
  • kavaKava (KAVA) $ 0.431422
  • dexeDeXe (DEXE) $ 8.14
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  • neoNEO (NEO) $ 6.55
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  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.45
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  • 1inch1inch (1INCH) $ 0.323929
  • apenftAPENFT (NFT) $ 0.00000045
  • swethSwell Ethereum (SWETH) $ 3,673.11
  • ecasheCash (XEC) $ 0.000022
  • zksyncZKsync (ZK) $ 0.059821
  • axie-infinityAxie Infinity (AXS) $ 2.60
DeFi

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

By admin
0 33

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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