USDa Introduces 8% Fixed Lending Rate, Total Loan Amount Surpasses $270 Million

BlockBeats News, January 20th, according to official data from Avalon Labs, the world's first Bitcoin-backed overcollateralized stablecoin USDa's total borrowing amount has exceeded $270 million, with a fixed interest rate of 8% per annum. As the world's third-largest CDP, USDa's current total locked value has exceeded $800 million.

As a leading financial infrastructure platform in the BTCFi field, Avalon Labs' TVL has exceeded $2 billion. In 2024, Avalon Labs completed a $10 million Series A funding round led by the venture capital firm Framework Ventures.