On November 11th, COINOTAG News reported the official launch of USDa, a revolutionary Bitcoin-backed stablecoin introduced by Avalon Labs. As the cornerstone product of the Avalon CeDeFi platform, USDa operates under a robust overcollateralization model, leveraging BTC collateral to enhance capital efficiency and maintain strong liquidity. The integration of institutional liquidity facilitates seamless 1:1 USDT redemptions, thereby ensuring price stability amid market fluctuations.
This launch is further complemented by an attractive incentive program, allowing users to earn rewards up to 10 times the usual points. Avalon Labs has established itself as a prominent player in the BTCFi arena, managing assets exceeding $1.2 billion while safeguarding approximately 15,000 bitcoins. As a notable participant in the esteemed BNB Incubation Program, Avalon Labs has secured its position in the MVB8 Accelerator during its eighth season.
Source: https://en.coinotag.com/breakingnews/usda-the-new-bitcoin-backed-stablecoin-revolutionizing-capital-efficiency-and-liquidity/