Avalon Labs is exploring the possibility of launching the industry's first Bitcoin-backed public debt fund in compliance with SEC regulations. This fund would bridge the gap between traditional finance and the crypto industry and could attract more traditional investors to Bitcoin. Avalon Labs, known for its BTC-backed stablecoin USDa, aims to expand its suite of financial products tied to Bitcoin. It has already secured approval for a public debt fund from the SEC in 2021. If successful, this Bitcoin-backed public fund could be a milestone in the crypto industry, boosting mainstream adoption of Bitcoin-backed financial products.



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