• bitcoinBitcoin (BTC) $ 85,556.00
  • ethereumEthereum (ETH) $ 1,630.02
  • tetherTether (USDT) $ 0.999978
  • xrpXRP (XRP) $ 2.16
  • bnbBNB (BNB) $ 588.47
  • solanaSolana (SOL) $ 132.39
  • usd-coinUSDC (USDC) $ 0.999985
  • dogecoinDogecoin (DOGE) $ 0.159366
  • tronTRON (TRX) $ 0.247649
  • cardanoCardano (ADA) $ 0.638987
  • staked-etherLido Staked Ether (STETH) $ 1,630.13
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 85,514.00
  • leo-tokenLEO Token (LEO) $ 9.43
  • avalanche-2Avalanche (AVAX) $ 19.88
  • chainlinkChainlink (LINK) $ 12.58
  • stellarStellar (XLM) $ 0.241897
  • the-open-networkToncoin (TON) $ 2.97
  • usdsUSDS (USDS) $ 1.00
  • suiSui (SUI) $ 2.20
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.165433
  • wrapped-stethWrapped stETH (WSTETH) $ 1,953.97
  • bitcoin-cashBitcoin Cash (BCH) $ 330.78
  • litecoinLitecoin (LTC) $ 77.38
  • polkadotPolkadot (DOT) $ 3.66
  • hyperliquidHyperliquid (HYPE) $ 16.21
  • bitget-tokenBitget Token (BGB) $ 4.33
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • ethena-usdeEthena USDe (USDE) $ 0.999100
  • pi-networkPi Network (PI) $ 0.662969
  • wethWETH (WETH) $ 1,629.30
  • whitebitWhiteBIT Coin (WBT) $ 27.85
  • moneroMonero (XMR) $ 213.17
  • wrapped-eethWrapped eETH (WEETH) $ 1,735.62
  • uniswapUniswap (UNI) $ 5.38
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 85,513.00
  • daiDai (DAI) $ 0.999658
  • okbOKB (OKB) $ 52.35
  • pepePepe (PEPE) $ 0.000007
  • aptosAptos (APT) $ 4.71
  • gatechain-tokenGate (GT) $ 22.48
  • ondo-financeOndo (ONDO) $ 0.869105
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.69
  • nearNEAR Protocol (NEAR) $ 2.10
  • susdssUSDS (SUSDS) $ 1.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 4.92
  • crypto-com-chainCronos (CRO) $ 0.085061
  • mantleMantle (MNT) $ 0.693321
  • ethereum-classicEthereum Classic (ETC) $ 15.25
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • aaveAave (AAVE) $ 139.90
  • bittensorBittensor (TAO) $ 238.50
  • kaspaKaspa (KAS) $ 0.078076
  • vechainVeChain (VET) $ 0.023624
  • render-tokenRender (RENDER) $ 3.91
  • cosmosCosmos Hub (ATOM) $ 4.14
  • fasttokenFasttoken (FTN) $ 4.14
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 85,469.00
  • ethenaEthena (ENA) $ 0.297604
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998369
  • algorandAlgorand (ALGO) $ 0.190770
  • filecoinFilecoin (FIL) $ 2.50
  • sonic-3Sonic (prev. FTM) (S) $ 0.505019
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.184513
  • official-trumpOfficial Trump (TRUMP) $ 7.93
  • celestiaCelestia (TIA) $ 2.49
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.82
  • arbitrumArbitrum (ARB) $ 0.291849
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 85,559.00
  • kucoin-sharesKuCoin (KCS) $ 10.36
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.473993
  • makerMaker (MKR) $ 1,387.32
  • xdce-crowd-saleXDC Network (XDC) $ 0.073354
  • story-2Story (IP) $ 4.17
  • binance-staked-solBinance Staked SOL (BNSOL) $ 138.42
  • optimismOptimism (OP) $ 0.654254
  • jupiter-exchange-solanaJupiter (JUP) $ 0.379559
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.03
  • bonkBonk (BONK) $ 0.000013
  • flare-networksFlare (FLR) $ 0.016024
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,631.07
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,696.55
  • worldcoin-wldWorldcoin (WLD) $ 0.737837
  • blockstackStacks (STX) $ 0.607760
  • eosEOS (EOS) $ 0.607484
  • sei-networkSei (SEI) $ 0.179519
  • fartcoinFartcoin (FARTCOIN) $ 0.910991
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999959
  • dexeDeXe (DEXE) $ 14.41
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999910
  • wbnbWrapped BNB (WBNB) $ 588.91
  • tether-goldTether Gold (XAUT) $ 3,234.50
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,838.49
  • injective-protocolInjective (INJ) $ 7.96
  • curve-dao-tokenCurve DAO (CRV) $ 0.590051
  • the-graphThe Graph (GRT) $ 0.079472
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 84,942.00
  • jasmycoinJasmyCoin (JASMY) $ 0.015630
  • pax-goldPAX Gold (PAXG) $ 3,241.58
  • immutable-xImmutable (IMX) $ 0.410394
  • movementMovement (MOVE) $ 0.292411
  • usual-usdUsual USD (USD0) $ 0.998056
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 85,398.00
  • theta-tokenTheta Network (THETA) $ 0.679604
  • chain-2Onyxcoin (XCN) $ 0.020172
  • galaGALA (GALA) $ 0.014617
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.92
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,733.26
  • heliumHelium (HNT) $ 3.54
  • mantra-daoMANTRA (OM) $ 0.649132
  • the-sandboxThe Sandbox (SAND) $ 0.257153
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999138
  • lido-daoLido DAO (LDO) $ 0.696681
  • raydiumRaydium (RAY) $ 2.13
  • bittorrentBitTorrent (BTT) $ 0.00000062
  • msolMarinade Staked SOL (MSOL) $ 170.12
  • iotaIOTA (IOTA) $ 0.162590
  • kaiaKaia (KAIA) $ 0.101377
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • walrus-2Walrus (WAL) $ 0.452509
  • bitcoin-svBitcoin SV (BSV) $ 28.04
  • flowFlow (FLOW) $ 0.350801
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.85
  • flokiFLOKI (FLOKI) $ 0.000055
  • jito-governance-tokenJito (JTO) $ 1.66
  • tezosTezos (XTZ) $ 0.500681
  • pendlePendle (PENDLE) $ 3.18
  • decentralandDecentraland (MANA) $ 0.271784
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,705.23
  • zcashZcash (ZEC) $ 31.49
  • coredaoorgCore (CORE) $ 0.498236
  • true-usdTrueUSD (TUSD) $ 0.998418
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.53
  • pyth-networkPyth Network (PYTH) $ 0.132756
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999985
  • beldexBeldex (BDX) $ 0.069182
  • pumpbtcpumpBTC (PUMPBTC) $ 81,354.00
  • spx6900SPX6900 (SPX) $ 0.499760
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999985
  • kavaKava (KAVA) $ 0.422200
  • telcoinTelcoin (TEL) $ 0.004846
  • berachain-beraBerachain (BERA) $ 4.06
  • grassGrass (GRASS) $ 1.60
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 85,495.00
  • clbtcclBTC (CLBTC) $ 85,369.00
  • dydx-chaindYdX (DYDX) $ 0.554146
  • apenftAPENFT (NFT) $ 0.00000042
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007361
  • dogwifcoindogwifhat (WIF) $ 0.414874
  • solayerSolayer (LAYER) $ 1.96
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,701.36
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.159349
  • usdbUSDB (USDB) $ 1.00
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • thorchainTHORChain (RUNE) $ 1.14
  • ousgOUSG (OUSG) $ 110.69
  • elrond-erd-2MultiversX (EGLD) $ 14.13
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.606477
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,734.09
  • ecasheCash (XEC) $ 0.000020
  • tbtctBTC (TBTC) $ 85,544.00
  • olympusOlympus (OHM) $ 22.89
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,628.61
  • resolv-usrResolv USR (USR) $ 0.999709
  • neoNEO (NEO) $ 5.25
  • honey-3Honey (HONEY) $ 0.999061
  • compound-governance-tokenCompound (COMP) $ 40.52
  • based-brettBrett (BRETT) $ 0.036267
  • axie-infinityAxie Infinity (AXS) $ 2.23
  • conflux-tokenConflux (CFX) $ 0.069920
  • ubtcuBTC (UBTC) $ 77,106.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,629.92
  • chilizChiliz (CHZ) $ 0.037079
  • super-oethSuper OETH (SUPEROETHB) $ 1,627.58
  • starknetStarknet (STRK) $ 0.120503
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.427612
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,630.20
  • arweaveArweave (AR) $ 5.18
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • apecoinApeCoin (APE) $ 0.416639
  • infrared-beraInfrared Bera (IBERA) $ 4.12
  • usddUSDD (USDD) $ 1.00
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • sun-tokenSun Token (SUN) $ 0.016770
  • matic-networkPolygon (MATIC) $ 0.184569
  • wormholeWormhole (W) $ 0.070924
  • fraxFrax (FRAX) $ 0.999730
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.756424
  • aioz-networkAIOZ Network (AIOZ) $ 0.268911
  • saros-financeSaros (SAROS) $ 0.119231
  • beam-2Beam (BEAM) $ 0.005952
  • wemix-tokenWEMIX (WEMIX) $ 0.740621
  • plumePlume (PLUME) $ 0.153214
  • amp-tokenAmp (AMP) $ 0.003612
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.004805
DeFi

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

By admin
0 16

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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