Avalon Labs has completed a $10 million Series A financing round, led by Framework Ventures. Avalon Labs aims to develop the Bitcoin-backed stablecoin USDa and its Bitcoin DeFi ecosystem. The current TVL of USDa is $700 million. https://www.coindesk.com/business/2024/12/23/avalon-labs-raises-10-m-series-a-to-grow-bitcoin-backed-stablecoin?utm_campaign=coindesk_main&utm_source=twitter&utm_content=editorial&utm_medium=social&utm_term=organic