Avalon Labs has launched USDa, the first Bitcoin-backed overcollateralized stablecoin, with $200 million in collateralized Bitcoin assets and a supply of 100 million. The project has gained popularity in the DeFi ecosystem, attracting both institutional and individual investors. A $50 million deposit cap has been established, offering a floating annual percentage yield (APY) between 20% and 50%. The stablecoin's innovative approach and high APY rates make it an intriguing investment opportunity for passive income. Avalon Labs' success has been further confirmed by being the second-round champion of the BNB Incubation Alliance, highlighting its innovative blockchain solution and future influence in the financial sector. They have also achieved significant expansion in the DeFi sector, with a total value locked (TVL) exceeding $800 million.



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